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British holidaymakers can expect 10.5 per cent more spending power in Spain. For every £500 converted to euros, a family will get an extra £47.41 this year compared to the summer of 2011.
The figures, which have been collated by Post Office Travel Money, will encourage many families to make their summer holiday choices based on where they can get the best value.
The Post Office research shows the pound has made gains against 24 of 30 leading holiday currencies over the past year.
Post Office Head of Travel Money, Andrew Brown, said: ‘There are signs that the power of the pound is making people increasingly savvy both about their choice of destination and their spending habits.’ At the same time, many are deciding to buy their summer spending money now to take advantage of the good rates.