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Holiday destinations that are cheaper now than they were in 2022
Find out which destinations are cheaper in 2023 than they were in 2022.
There's no question that holidays are getting more expensive thanks to a lot of factors that we don't really need to go into here.
And truthfully, that isn't going to change any time soon meaning things are going to continue to be tough for British travellers.
But we have identified a few destinations that are in fact cheaper to travel to in 2023 than they were in 2022.
Egypt
Number one on the list is Egypt where, according to new data from Post Office Travel Money Holiday Money Index, thanks to a big fall in the value of the Egyptian Pound, you'll get nearly 73% more than you did a year ago.
Holidaymakers will receive about of £210 more when exchanging £500 for the Egyptian currency than they would have about a year ago.
This means that if you go on holiday to Sharm el-Sheikh, you can expect to pay about £48 for a three-course meal for two with a bottle of wine, compared with more than double that in Antigua (£100) or Barbados (£105).
See our holidays to Egypt here.
Turkey
The Turkish Lira has continued to slide over the last few years continuing with a further drop of about 25% year-on-year.
The southeast region of the country has recently been hit by severe earthquakes. However, one of the best ways to help get the country back on its feet is to go there, spend money and get the economy going again.
Here's a good article from The Guardian about whether it's advisable to visit Turkey right now. The conclusion is yes, the country is open for business and they are keen for people to come.
See our holidays to Turkey here.
South Africa
Lastly, we'd recommend a visit to South Africa where the British Pound is up about 10% year-on-year against the Rand.
See our holidays to South Africa here.
Where is a lot more expensive compared to last year?
Unfortunately, it's not all peaches and sunshine for UK travellers with many destinations now costing a fair chunk more than they did a year ago.
The top 10 currencies that the British Pound has lost value against:
Australian dollar (-8.1 per cent)
UAE dirham (-11.1 per cent)
US dollar (-11.1 per cent)
Barbados dollar (-11.1 per cent)
East Caribbean dollar (-11.1 per cent)
Swiss Franc (-11.4 per cent)
Singapore dollar (-11.8 per cent)
Jamaican dollar (-13.0 per cent)
Mexican peso (-19.0 per cent)
Costa Rican colon (-22 per cent)