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Currecny: Where will UK currency get me further abroad?

Travel Forums General Talk Currecny: Where will UK currency get me further abroad?

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1. Posted by boulderman (Respected Member 418 posts) 7y

In terms of decent exchange rate (not talking against the Zimbabwe trillion dollar) but in terms of against a currency in which the pound is still strong (so not the Euro or $)

Ideally currencies which are countries worth spending money to get to for a trip (aware all countires are like that) :confused

Thanks

Sorry for typo in title - poor screen quality - late at night

[ Edit: Edited on 17-Feb-2009, at 15:41 by boulderman ]

2. Posted by Erik85 (Respected Member 274 posts) 7y

I'm a bit confused as to what your question is, but the $AU has declined a lot recently ralative to most other currencies. Perhaps the $NZ too.

3. Posted by loubylou (Travel Guru 664 posts) 7y

Sorry to tell you this but generally the British pound has lost 30% of it's value against all currencies. We have found there isn't really any currency where the pound is holding it's own. We have been shocked at the exchange rates we have been getting since this 'financial crisis' hit.

You'll just have to decide if travelling with the weaker pound is something you can afford - there is no escape...we can only hope it will get better soon

4. Posted by tway (Travel Guru 7273 posts) 7y

Try Canada. I believe your pound still goes twice as far...

5. Posted by boulderman (Respected Member 418 posts) 7y

Peopel keep mentioning Canada, but i=I've been there 3 times. Going twice as far isn't true. Not how it works

6. Posted by boulderman (Respected Member 418 posts) 7y

loubylou, where are you now? (WAYN).

Let me know how Bali is please

7. Posted by IMonaghan (Respected Member 431 posts) 7y

Even with the decline of the pound recently, there are still places that are cheap as chips.

Bulgaria, for one example, is a cheap place to be whether you're spending Dollars, Pounds, or Euros. True the Leva is permanently pegged against the Euro, but your still in a place where even if you're skint by UK standards you're in good shape here.

I haven't gotten to visit any of my new neighbors yet, but I think Eastern Europe (from talking to other expats) in general is still fairly cheap to visit.

It's cheap to get to as well. BA has flights for around US$200 from London... Easyjet is about half that to Sofia right now.

8. Posted by loubylou (Travel Guru 664 posts) 7y

Quoting boulderman

loubylou, where are you now? (WAYN).

Let me know how Bali is please

I can mostly talk for the Asian currencies exchange rates and the Indonesian rupiah still has a pretty good rate against the pound. When we were there last at Christmas 2007 we were getting 18-19,000 to £1, today I've looked and it's 16,800 to £1...not bad at all. Also the Malaysian ringgitt hasn't dropped too much either.

We are about to leave the Philippines as the currency exchange rate is terrible. 3 months ago we got 95 pesos to £1 now we are getting 67 pesos to £1 - everything has got 30% more expensive and this isn't even factoring in the price rises due to inflation so we are probably heading to Indonesia or Malaysia, it's just not a budget place here.

Other currencies where the exchange to the pound is not so good - Thailand it was 67 baht to £1 in November it's now 50 baht to £1, Hong Kong was $16 to £1, it's now $11 to £1 and Singapore was $3 it's now $2.18.

Hope this helps you out...the other advice is to stay out of the Eurozone, so places like Bulgaria, Croatia etc are good bets.

9. Posted by boulderman (Respected Member 418 posts) 7y

I got 75 Baht in 2004 and I got I think 3.3 in Singapore

10. Posted by boulderman (Respected Member 418 posts) 7y

What good deals do you know of to Bali? Anytime Aug-Dec?