Corporate foreign exchange news
Euro crisis creates travel opportunities
Wednesday, 07 July 2010 19:47:57 GMT

Published by Mark Smith-HalvorsenThe dramatic drop in the euro in foreign exchange trading in recent months has created some attractive travel opportunities in the eurozone area, according to Travelsupermarket.com.Bob Atkinson, the price comparison site's resident travel expert, said that due to the recent financial woes endured by Greece and Spain, these destinations are among the cheapest in Europe to visit.He explained that as well as getting a much better exchange rate on the pound than was seen a year ago, travellers can also benefit from low local prices in areas such as mainland Spain, Greece, the Balearics and Cyprus, where companies have been slashing prices in a bid to attract business."The pound is at an 18 month high against the euro and we're getting up to 1.20 to the pound, which is significantly better than this time last year," he said.His comments followed recent research by Santander which found that across Europe, Majorca has the lowest holiday premiums for families travelling during the peak summer period once schools have broken up.For more information on buying commission free travel money, visit our Travel FX site

