Travellers booking ferries from Dover to Calais
can take full advantage of the pound's strength against the euro by purchasing their holiday money in advance, according to MoneySupermarket.com.
The price comparison site revealed that holidaymakers are currently saving up to £80 per €1,000 compared to the same time last year, based on exchange rates for buying euros to put on a pre-paid card or for calculating credit card purchases.
In April 2011, someone with a Travelex pre-paid card would have received an exchange rate of 1.1115, compared with 1.218 now.
However, MoneySupermarket.com warned that consumers are at risk of missing out on these savings by failing to purchase their euros in advance.
"Leaving it to the last minute to sort your travel currency is madness and will generally cost you more," said Bob Atkinson, the site's travel expert.
The report comes shortly after property expert Marc Da Silva predicted that recent gains in the value of sterling against the European single currency are set to continue.
Posted by Andrew Smith