The pound has been in trouble since the Brexit vote in 2016. Although it rose briefly against the dollar and the euro this week, boosted by a Supreme Court ruling that made the European Union's 31st October exit less likely, yesterday was back where it started.
That means places that once looked like a bargain look as expensive as Switzerland. But do not despair.
While a trip to New York or Paris may not seem like a good idea to the cost-conscious traveler, there are many other destinations where the pound has peaked rather than plunging into the local currency.
The pound has been in trouble since the Brexit vote in 2016. That means places that once looked like a bargain look as expensive as Switzerland.
"The situation may seem grim for the British pound, but many of the world's economies are in an even worse state and their exchange rates have shifted in favor of the pound," says Ian Strafford-Taylor, FairFX travel money expert.
In Argentina, there are the stunning Iguazu Falls, made up of 275 spectacular waterfalls on the border with Brazil.
In Iceland, tourists who feel a little tired after experiencing Reykjavik's lively club scene can relive with a trip to the geothermal queen of the pool, the Blue Lagoon. While in Sri Lanka, there are miles upon miles of idyllic, palm-lined beaches that will delight both sun lovers and surfers.
So here is our global guide to the most attractive destinations where the pound goes further, with details of how far £ 500 will extend today compared to this time last year.
Make money with chaos
Argentine economy has been in recession for over a year
Argentina: Increase local currency value for every £ 500 exchanged – £ 131
South America's second largest economy has been in recession for over a year.
The shocking victory of a populist presidential candidate in the primary election in August swept 30% of the stock and stock value and drove the peso to free fall against the pound, making the pound worth over 70 pesos at one stage. Remains in trouble.
Tango's birthplace may have lost its mojo economically, but it still offers exciting landscapes, gaucho culture, world-class steak and delicious wines.
How to: Llama Tours offers a 12-day tour of Buenos Aires, the Andes, and spectacular Iguazu Falls from £ 1,989pp (llamatours.co.uk01279 704136).
Hazing to Tbilisi
Georgia: Increase local currency value for every £ 500 exchanged – £ 30
A fall in the Russian ruble and Turkish lira hit Georgian exports, with an indirect effect on the exchange rate. Pictured is Georgia's capital Tbilisi
A fall in the Russian ruble and Turkish lira hit Georgia's exports to two of its main trading partners, impacting the exchange rate.
Its capital, Tbilisi, is a significant tourist center, with attractions such as the 4th century Persian Narikala Fortress and the ancient Anchiskhati Basilica.
Outside the capital, it is worth a look at the Vardzia monasteries, the Kakheti vineyards and the Caucasus.
How to: Riviera Travel offers a nine day trip at £ 1,499pp (rivieratravel.co.uk, 01283 880163).
The random walk
South Africa: Increase local currency value for every £ 500 exchanged – £ 4
There were sharp declines in the South African rand. Why not start in Cape Town, the most spectacular of South Africa's three capitals?
China is South Africa's main export market and the slowdown in Beijing's economy, coupled with a fall in commodity prices, has led to sharp falls in the rand. Which is great news for tourists.
Why not start in Cape Town, the most spectacular of South Africa's three capitals? Nestled in the shadow of Table Mountain, it is surrounded by the country's famous wineries.
From there, it's a short hop to the start of the Garden Route, a 300-kilometer stretch of coastline to explore South Africa's natural beauty, beaches and wildlife.
How to: Kuoni offers a classic 11-night tour of South Africa from £ 3,135pp (kuoni.co.uk, 0800 140 4800).
The wow factor
Iceland: Increase local currency value for every £ 500 exchanged – £ 27
There is currently a favorable exchange rate for the Blue Lagoon Iceland, pictured
Tourism makes up a third of the Icelandic economy; so when a 3.7% drop in foreign visitors in the first three months of this year was followed by the collapse of the country's leading airline, Wow Air, the crown was seriously hit.
As a result, some hotels have reduced rates. That, plus the favorable exchange rate, means there has rarely been a better time to visit Iceland's dynamic capital, Reykjavik, as well as its volcanic landscape and geothermal pools such as the famous Blue Lagoon.
How to: British Airways Holidays offers three-night city breaks from £ 165 (britishairways.com0344 493 0125).
Namibia: Increase local currency value for every £ 500 exchanged – £ 4
The Namibian dollar fell in line with the South African rand. One of the best places to visit in Namibia is Etosha National Park, pictured
One of northern South Africa's neighbors, Namibia suffers a cold when Pretoria sneezes, and its dollar has fallen according to the rand, making it another good value destination for the currency tourist this year.
Go on safari in the Etosha National Park (black rhino, giraffes, lions and leopards), accompany desert-adapted elephants in Damaraland or watch the sun rise over the Sossusvlei dunes.
How To: Trailfinders offers an 11-day Namibian trip from £ 1,897pp (trailfinders.com020 7084 6507).
Weight to action
Uruguay: Increase local currency value for every £ 500 exchanged – £ 24
Montevideo, Uruguay, pictured is considered the most relaxed capital in the world
The second smallest country in South America suffered declines in export prices such as meat and soybeans and rising inflation.
But as a vacation destination, it is complete with Montevideo's most laid-back capital, beach life in Punta del Este and a UNESCO-recognized historic neighborhood in Colonia del Sacramento.
Madagascar: Increase local currency value for every £ 500 exchanged – £ 16
Madagascar is a dream destination for outdoor enthusiasts, but its main attraction is the wildlife. Your currency fell 22% from last year
Madagascar's currency, the ariary, was hit by news that exports in the first half of 2019 fell 22 percent from last year, after a smaller-than-expected crop from its main export, vanilla.
With its rainforest, desert, hiking and diving, Madagascar is a dream destination for outdoor enthusiasts, but its main draw is wildlife.
Separated from the African continent millions of years ago, this island 250 kilometers from Mozambique is the modern-world Jurassic Park, with a variety of species that exist nowhere else.
One is the lemur, which thrived because monkeys and monkeys, its main predators elsewhere, never reached Madagascar. Today there are 60 varieties, from the 25g pygmy rat lemur to the increasingly rare indri.
How to do it: Audley Travel has a 13-day Madagascar rainforest and an island getaway for £ 3,300pp (audleytravel.com01993 838925).
Sri Lanka: Increase local currency value for every £ 500 exchanged – £ 5
A temple in Mirissa, Sri Lanka. Sri Lanka's rupee has been hit by the rising cost of servicing a £ 40 billion national debt
Sri Lanka's rupee has been hit by the rising cost of servicing a national debt of up to £ 40 billion – but that has been good news for tourism.
Beach resorts are a big draw in this island republic on the southeastern tip of India, but so are the tea plantations and national parks.
How to: Sri Lanka Holiday Architects offers a 14-day tour from £ 2,165pp (srilankaholidayarchitects.com, 01242 253073).
Asian hot spot
Uzbekistan: Increase in local currency value for every £ 500 exchanged – £ 43
The Uzbek currency unit, the Som, lost almost 50% of its value on the day the exchange controls were relaxed in 2017. In the picture, Tashkent's capital city
The Uzbek currency unit, the Som, lost almost 50 percent of its value on the day foreign exchange controls were relaxed in 2017 after the death of President Islam Karimov and has been on the rise ever since.
But there is plenty to see in a country that was once an important stop on the Silk Road. From the great 14th-century mausoleum of Samarkand that inspired the Taj Mahal to the world's most ornate subway system in Tashkent, Uzbekistan is rich in history and architecture.
How to: Jules Verne performs a seven-night Highlights of Uzbekistan tour for £ 1,395pp (vjv.com, 020 7633 6700).
And where the pound sterling is fighting
Uncertainty about Brexit, coupled with a long-term economic boom in the US, resulted in the pound falling 6% against the US dollar last year. This means that visitors who cross the lagoon will receive £ 33 less every £ 500 they convert to dollars.
The pound fell 11% against the Turkish lira, meaning that tourists will receive 62 pounds less per 500 pounds converted.
But this news is not as bad as it sounds. This time last year, the Turkish Lira had just fallen against the dollar and other major currencies in the world after President Trump imposed heavy tariffs on Turkish exports to the US following Ankara's refusal to release an American shepherd. who had arrested on suspicion of terrorism.
These rates were relaxed after Pastor Andrew Brunson was released last October, and the pound-to-lira exchange rate is now much less favorable than in September last year. But it stays at 7 lire a pound, …
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