Sterling has had a turbulent time since the Brexit vote on June 23 2016.
Since the referendum, the pound to euro exchange rate has plummeted, making European holidays more expensive for Brits.
Last summer the exchange rate hovered around €1.14 to the pound and this year it is even lower at around the €1.12 mark.
This means holidays to Brit favourites like Spain, France and Portugal are more expensive than ever.
So, what is the best way to bag a bargain break this year?
Speaking exclusively to the Daily Star Online, Retail Director at No1 Currency, Simon Phillips said: “If you’re yet to book a holiday, you could consider going somewhere further afield this year where your pound will stretch further.”
Being flexible with your destination is one of the best ways to make big savings on family holidays.
Simon suggests heading to destinations like Hungry and Bulgaria, because they don’t use the euro.
Here are five other exotic destinations where your pound will go further:
Exchange rate: £1 = 12.31 Moroccan Dirham
Morocco is a great year-round destination as temperatures remain high annually.
It is only a few hours flight from the UK and the capital Marrakesh is popular with Brits.
Accommodation, food and drink is cheap and your pound will stretch much further here than in European destinations.
10 cheapest exotic holiday destinations
Exchange rate: £1 = 24.29 Mexican Peso
Whether you’re keen to visit bustling Mexico City or the picturesque beaches of Tulum, Mexico is a winning travel hotspot.
You can nab a pint of beer for around £1 and delicious street food will set you back about the same amount.
Exchange rate: £1 = 18,867.07 Indonesian Rupiah
Luxury resorts in Indonesia will cost your around £45 per night.
Bali in particular has become a must-visit destination for Brits. The stunning Indonesian island is famous for its forested volcanic mountains, iconic rice paddies, beaches and coral reefs.
If you are still going to venture to Europe this year here are Martin Lewis’ top exchange rate tips.
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