Now 17 UK airports are offering less than one euro to the pound as exchange rate continues to tumble
The exchange rate varies depending on the location
HOLIDAYMAKERS are now being offered less than a pound for the euro at some airport money exchanges, the Sun Online can reveal.
Brits exchanging money in the Bureaux de change in 17 airports across the UK are being offered an average rate of just 99 euro cents to the pound.
A survey by currency exchange firm FairFx reveals that the lowest rate is being offered by Moneycorp at Southampton airport, at €0.88 to the pound.
Holidaymakers hoping to get the best value for money can exchange at the Change Group in Glasgow Prestwick, where the pound is worth €1.06.
When converting between the dollar and the pound, ForExchange in Cardiff airport are valuing the pound as low as $0.97.
Banks are currently trading the currencies at a rate of £1.1055 to $1.22943.
The value of the pound is now at a 31 year low against other currencies.
Since the vote to leave EU referendum in June the value of the pound against the euro has fallen by 14.5 per cent.
It has tumbled by more than 16.4 per cent against the dollar.
This means that the amount of holiday cash you can get for your pound is drastically lower.
Related Stories
David Swann, head of pricing at Travelex, said: “The exchange rate markets are currently at their worst levels for the Pound versus the Euro for five years, which means customers heading to Europe are getting fewer Euros compared to previous months.
“At Travelex we take volatility in the market and the cost of operating at airports into consideration with our on demand rates.”
Tracy Bownes, retail director at Moneycorp, said: “The overnight fall in sterling has had an obvious effect on airport rates this morning.
“This is one of the reasons why we always encourage our customers to pre-order their currency online and collect at the airport.”