Pound Regains Value Against the Euro And Other Currencies

FacebookTwitter

Pound Regains Value Against the Euro And Other Currencies

Started by J2SkiNews in Ski News - 11 Replies

Login
To Create or Answer a Topic
Pound Regains Value Against the Euro And Other Currencies

J2SkiNews posted Nov-2016



In further good news for skiers planning to hit the slopes this season after all the November snowfall, a travel money specialist has reported that the Pound has regained some of the value it lost against other currencies following the Brexit vote.

FairFX, a business which is a, "prepaid currency card, travel money and international payment services provider" says that over the past six weeks the pound has risen 7% in value against the Euro, taking it from 1.10 to 1.17 Euros to the pound.

Against other European currencies the pound is up as much as 10%, FairFX say, and even against the Dollar where the pounds fall has been the moist marked, it is up 2%.

The news on European currencies is particularly welcome and good timing for those who feared a big hike in in-resort purchases such as lift passes and apres ski costs because of the weak pound.

Comparing exchange rates this week compared to mid-October, FairFX reveals that the pound goes 10% further in Poland, 7% further in Sweden, Bulgaria and Norway as well as in euro-countries and 5% further in Switzerland.

Alongside the currency analysis, FairFX has published its annual ski report comparing the costs of visiting 59 worldwide snow resorts; collating the total spend on lift passes, equipment hire and tuition for one week. The research revealed that Bled in Slovenia is the cheapest ski destination for 2016 with a week's ski package coming in at £261. In second is Vemdalen in Sweden at £278, followed by Italy's Passo Tonale in third at £279 and Slovenia's Bohinj in fourth at £280. Austria's Skiwelt and Bulgaria's Pamporovo also feature at the top of the best value rankings with a week's ski costs under £400.

At the other end of the spectrum, poor exchange rates against the US dollar have impacted upon American snow resorts which take up the top three most expensive resorts to ski this season. Vail takes the number one spot as most expensive at £1,493 – nearly six times higher than Europe's cheapest resort. The dozen most expensive resorts also include Canada's Whistler at £985 and Zermatt in Switzerland at £931.

Ian Strafford-Taylor, CEO of www.fairfx.com, said: "The pound has been hit with volatility in the months following Brexit and reached new historic lows in October. Finally, consumers have seen a rebound in the pound with positivity against almost every currency globally – giving a boost to anyone currently planning a ski holiday this winter."

www  The Snow Hunter

Msej449
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Nov-2016

This is all very misleading. The £ is down 13% against the Euro as it was in January, when I took my last ski holiday. It has been down at -18% so yes, that's something of an improvement. But I wouldn't make a big deal of it and certainly wouldn't call it 'a boost'. Of course, if you are highly selective about the time-window you choose, you can get quite impressive 'rebounds'. A better title would be 'not quite as catastrophic as it had been looking, but still more expensive.' You should only use the term 'regains value' when it actually gets back to where it was in January, which would indeed be very good news ....
Edited 1 time. Last update at 30-Nov-2016

Dave Mac
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Nov-2016

The exchange rate flutters according to circumstance. Costs in ski destinations also fluctuate.

In my first season staying in Niederau, the Austrian Schilling lay at 72/£.

Hence, I paid £0.33 per night for my B&B. Yes, that is 33 pence per night.

My season pass cost me £50.00, outrageous.

Daved
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Dec-2016

My second ski holiday was in neiderau ...It cost me £26 HB for the week including flights

Wanderer
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Dec-2016

The good news for us Irish members of the site is that our Euro is still worth a Euro in Austria, France, Italy, etc.

Brucie
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Dec-2016

Wanderer wrote:The good news for us Irish members of the site is that our Euro is still worth a Euro in Austria, France, Italy, etc.


Aye. But the bad news is that a pint of guinness is 6Euros in Dublin!
"Better to remain reticent and have people think one is an idiot, than to open ones mouth and remove all doubt"

Bedrock barney
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Dec-2016

The pound goes up, the pound goes down. It's was nearly at parity in 2008/2009. It was the exception to the rule when it was over 1.4 last year. Therefore it shouldn't really matter in terms of holidaying when sensibly viewing things over a more realistic timescale.



slippy slidey snow......me likey!

Dave Mac
reply to 'Pound Regains Value Against the Euro And Other Currencies'
posted Dec-2016

Well said, BB.

Last season I had three weeks in Austria, a week in France, and two weeks in Vail, (Yes, it was an exceptional winter).
The cost of Vail still brings a tear to my eyes, especially because of the poor lift pass info from Crystal. Alp D'Huez was also costly, with average food, and was double the cost per week of Austria.
Skiing in Vail and Austria was great, in France was OK.

Life is not just about exchange rates. If it gets out of hand, I will find another way to get there.

Life has a way of balancing out. If costs get too high, and this affects vissitor numbers, then both local businesses and politicians will swiftly swing into action.

Topic last updated on 02-December-2016 at 20:18

Not a Member?

FREE Snow Reports by e-mail.

Save on Ski Hire

Save up to 50%

+5% for 4+ Ski Packs

+10% for 10+ Ski Packs

Discount Ski Hire

7th day Free on selected dates

Ski Hire Shops in Ischgl, Niederau, Söll, Westendorf, Ellmau, Going am Wilden Kaiser and Scheffau am Wilden Kaiser.

SkiSet

Sponsored Links

Forum Listing Key

Unread Post
Hot Topic
Sticky (important)
Announcement

The views and opinions presented in the J2Ski Forums are solely those of their respective authors and do not represent those of J2Ski Ltd. Objectionable Content may be notified by sending a Private Message to Admin.

J2Ski logo J2Ski logo