Travel money: These are the destinations where Britons can expect more for their money

One destination whose currency remains stronger against sterling – by 4.1 percent year-on-year – is Thailand.

Sri Lanka (£1,138) was also moderately-priced among the long haul resorts surveyed by the Post Office, with sterling stretching 4.8 percent.

Prices in Cancun were slightly higher (£1,174) because sterling is 1.3 percent weaker against Mexico’s peso than last December.

Nick Boden, Head of Post Office Travel Money, said: “Sterling is now much stronger than in the summer and that spells good news for holidaymakers. Compared with a year ago, UK tourists visiting almost every country worldwide can expect to get more foreign cash for their pounds and in Europe, this currently equates to £31 extra for every £500 changed into euros.

“However, our latest research makes it clear that there are big price variations between long and short-haul holiday destinations so it is a good idea to do some homework before booking to check for the best value packages and the lowest resort costs.

He added: “For holidaymakers planning trips abroad later in 2020, our advice is to keep a close eye on sterling rate movements and load holiday money onto a Post Office Travel Money Card at times when rates are best.”