Saturday, May 16, 2015

Excellent time to take an Alps walking holiday, thanks to strong pound

Would you like to go on an Alps walking holiday, with Mont Blanc Treks? If so, you’ll be pleased to learn that it’s now far more affordable to do so, because the pound to euro exchange rate has hit a 7-year high. To be specific, sterling recently touched 1.4256 against Europe’s common currency, its strongest since November 7th 2007.

What this means for you is that, when you exchange currencies to go walking in the Alps, you’ll get far more euros than in the recent past. For example, if you exchange £2,500 to spend a fortnight in the Alps, you’ll now get +€560 more than if you’d done so back at the start of 2014, when the pound was far weaker.

In other words, that’s +€560 extra sitting in your pocket, at no additional cost to you, just because the exchange rate has risen! With that sort of money, you could extend your Alps walking holiday by a day or two, splash out, in brief really make the most of Mont Blanc Trek's range of activities!

Moreover, it could soon become even better value to take a walking holiday in the Alps, if sterling climbs higher versus the euro. The pound could exceed this 7-year high, first, if Greece exits the Eurozone, as looks entirely possible. Second, the pound may also continue to climb, because the UK economy is easily outpacing the Eurozone’s.

With this in mind, make the most of this advantageous exchange rate, and book your walking holiday in the Alps!

By Peter Lavelle
Pure FX
+44 (0) 1494 671800

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