Families jetting to Europe will be hit in the pocket after sterling hit a seven-month low against the euro.
The pound is at its weakest since December and has fallen by 6% to 1.1 euros since May.
The pound has shrunk as £500 is worth 555 euros compared with 580 in May. At 1.24 dollars the pound is down by 7% since March, making the US a pricy destination.
Fears of a no-deal Brexit are behind the slump with Prime Minster wannabes Boris Johnson and Jeremy Hunt failing to address concerns over how the UK will leave the EU on October 31.
And Nick England, chief executive at EasyFX said: “Brits who don’t take a proactive approach to foreign exchange risk spending more than 30% more on their summer holidays this year, compared with pre-Brexit vote.”
The tourist pound varies as currency exchange firms buy and sell at different rates.
For example those heading out of the UK will get an average rate of 1.08 euros for their pound but on return the company buying euros back may offer around 1.11 euros.
Holidaymakers will get just 98 euro cents at the airport.
Experts say Turkey offers the best value for money as sterling is up by 14% against the lira, from last year.
Nick Boden head of Post Office Travel Money said: “It makes sense to pick a destination where sterling remains stronger.”
