Slump in Euro Means Cheaper Holidays in Europe for Summer

LONDON, August 17, 2012 /PRNewswire/ --

The deepening Euro debt crisis will result in big reductions in inclusive family holidays to Europe this summer. You will also get markedly more for your money when you exchange Sterling for Euros. Read on to find out how your money will go further and some ideas for possible destinations.

The package holiday purse

With the Easter peak behind us, conditions are perfect to grab great value all-inclusive family holidays this summer. Package holidays give you far more financial control over your time away as you have a more accurate idea of the total cost of your holiday. You'll know the full range of facilities at your disposal and activities you may want to get involved in.

Possible destinations

The unmatched climate of the Canary Islands makes them ideal destinations for a summer or winter break. Holidays to Fuerteventura, for example, boast around 12 hours of sunshine every day, clear blue skies, brilliant beaches, and some of the most captivating dive sites in Europe.

If you're more of a landlubber, Tenerife holidays provide stunning rugged scenery from the striking coastline of the south to the mountainous vistas of Spain's highest peak, Mount Tiede. Whether you want to go for the thrills and spills of wild water sports, enjoy picturesque Canarian villages or just relax on the beach, these sun-kissed hot spots have something for everyone.

Taking time out on Greece's second largest Ionian Island could also see your money go a lot further. On holidays in Corfu you can enjoy varied nightlife in vibrant bars and clubs, appreciate fascinating historical and cultural sites, savour delicious seafood and great wine, or simply make the most of the beautiful beaches and crystal-clear Mediterranean waters.

More for your money

If you're changing up £500 worth of spending money, you're likely to get £50 more in the single currency than you would have done 12 months ago. Sterling is now up at a whopping €1.22, which is the most you'd get to the pound since September 2010 - 12 months ago it only stood at €1.102.

A smart strategy is to buy some Euros now while the rate is high. That way if the rate drops before you go on holiday you won't be kicking yourself. Also, remember to change up your spending money well in advance. Leaving it late means you'll have to suffer the lower rates of the airport exchange booths.

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SOURCE Thomas Cook