Exchange great

Spending power boost for Brits holidaying abroad this summer thanks to strength of pound

- BY GRAHAM HISCOTT

MILLIONS of Brits planning foreign holidays will be quids in thanks to the pound's strength.

Sterling has shot up against a host of currencies - in some cases, by a lot.

For instance, the pound's 30 per cent rise against the Turkish lira in the past year means holidaymakers jetting there will have £116 more to spend for every £500.

That equals a couple of three-course meals for two, with wine, in the resort of Marmaris, plus four beers.

Those considering a long-haul break to Mexico will have almost £57 per £500 extra thanks to a near 13 per cent increase against the peso, according to Post Office Travel Money's Holiday Spending Report.