13.05.2015
Are you thinking of renting a holiday apartment on beautiful La Palma? 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 rent a rural holiday home on the Canary Islands, you’ll get far more euros than in the recent past. For example, if you exchange £2,500 to spend a fortnight enjoying yourself on La Palma, 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 rural holiday on La Palma a day or two, splash out, in brief really make the most of what the Canary Islands have to offer!
Moreover, it could soon become even better value to rent a rural Canarian home, 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 holiday on La Palma today!
By Peter Lavelle
Pure FX
+44 (0) 1494 671800
peter.lavelle@purefx.co.uk
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