Pound Strengthens Versus Euro - Holidays in Les Gets fall in price Monday, 14 September 2015
Do you plan to take a holiday in stunning Les Gets, in the French Alps? If so, it may interest you to know that staying in a chalet in the Alps will now leave less of a dent in your bank balance. This is because the pound to euro exchange rate recently hit 1.36, close to its strongest in 7.5 years, or since October 5th 2007.
What this means for you is that, when you exchange currencies to holiday in the French Alps, you'll get far more euros. For example, if you exchange £2,500 into euros, you’ll now get +€400 more than if you’d visited Les Gets back at the start of 2014, when the pound was far weaker.
In other words, that's an extra +€400 sitting in your pocket, at no cost to you, just because sterling has strengthened. With that sort of money, you could extend your break in gorgeous Les Gets another day, enjoy some authentic French cuisine, or just pocket the sizeable saving for a rainy day.
Moreover, it could soon become even better value to stay in a chalet in the French Alps, if sterling continues to climb versus the euro. The pound could soon exceed its 7.5-year high, first, if the Eurozone enters deflation again, which looks very likely. Second, the pound may also continue to climb, because the UK economy is growing much faster than the Eurozone's.
With this in mind, make the most of this advantageous exchange rate while it lasts, and visit Les Gets in the French Alps!
By Peter Lavelle
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