With sterling at a nine-year high for tourists against the euro, Britons will see their cash go further abroad.
Many resorts in popular destinations such as Spain, Greece and Portugal have also slashed prices.
Money exchanges were yesterday offering holidaymakers up to 1.39 euros to the pound, 15 per cent more than last year.
Some experts even predict sterling could top 1.5 euros, as uncertainty continues about Greece’s membership of the euro. At the end of 2008 a pound was worth just 1.02 euros.
Bob Atkinson, travel expert at TravelSupermarket, said: “Making a tiny bit of effort now can knock a massive dent in your holiday costs.
“British travellers going to euro destinations like Spain can either bag a real bargain break, or spend more but see their money go so much further. You could definitely save hundreds of pounds overall compared to booking the same holiday this time last year.”
He advised buying currency or charging up pre-pay holiday cards now for use later in the year.
If you can commit to spending some cash, get in now and make use of the exchange rate before the holiday season kicks off,
“If you can commit to spending some cash, get in now and make use of the exchange rate before the holiday season kicks off,” he suggested.
Prices for drinks, meals and entertainment are at their lowest level for years. Compared with 2014, prices have fallen 15 per cent and, in some places, are half what they were five years ago.
According to the Post Office’s latest Holiday Travel report the best deals are in Portugal’s Algarve, where a basket of goods will cost £33. In Crete, prices are 20 per cent lower than last year.
Andrew Brown, of Post Office Travel Money, said: “The news just keeps getting better and better for holidaymakers planning trips abroad as the pound hits heights against the euro, making eurozone resorts the cheapest they’ve been in years.”
Holiday firms are also offering big discounts to those who book now.
Sean Tipton, of travel association Abta, said: “The pound is at a nine-year high now but because of the economic problems in the eurozone the day-to-day prices are coming down.
“It really is a double-whammy of good news for people travelling to Europe.”
