Eight per cent of people in the UK are considering heading off to the slopes in 2018, according to new research from Sainsbury’s Bank Travel Money. However, the research also shows that your spending power could be radically different depending on where you go compared to 12 months ago.
Looking at the most popular ski and snowboarding destinations for Britons, analysis reveals that the Pound is up 13.7 per cent against the US Dollar compared to 12 months ago. It is also up 6.4 per cent against the Swiss Franc and 6.7 per cent against the Canadian Dollar.
However, Sterling is down by 2.4 per cent against the Euro – which is the currency most British skiers and snowboarders will need to buy this year – and it is also down against currencies of cheaper ski destinations. It is 8.6 per cent lower against the Czech Koruna and 2.4 per cent down against the Bulgarian Lev.
Simon Taylor, Head of Travel Money at Sainsbury’s Bank, said: “As we are in the midst of the busy ski and snowboarding season, people will be thinking about what currency they need and trying to get the most for their holiday money.
“Anyone heading off should try to plan as much as possible and shop around to secure the most attractive exchange rate.”
