The Euro

Bad news for those of you travelling to the 'Eurozone' ( the 16 EU countries in which the euro is their national currency) as the euro keeps on strengthening against the pound and dollar it means goods and services in the region will cost an estimated 33% more than this time last year.

This is a direct result of the economic downturn, due to high unemployment and low inflation the pound is no longer an attractive propositions for people investing in the UK market. Many investors are selling dollars and pounds and buying Euros as the currency reaches a four year high.

If you are looking to go on holiday to the eurozone this summer be sure to look around for the best deal as various travel agencies offer different rates. To check the current rate independently you may wish to use current currency conversion calculator online.