| UPDATED: 08:26, Tue, Mar 2, 2021
Link copied Sign up for FREE now and never miss the top Royal stories again.
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.
The pound to euro exchange rate is currently sitting above the 1.5 handle, with Rishi Sunak’s Budget announcement set to be unveiled on Wednesday. Though it started the week on a high, GBP has lost some of its strength overnight due to “changing dollar demand in the market”.
Trending
What s more, he said the future was too uncertain to know whether holidays would go ahead by the summer.
However, people travelling for essential reasons are able to travel to some destinations.
Furthermore, many would-be holidaymakers may be looking to switch their foreign currency back to pounds if their plans have now been cancelled.
Post Office Travel is currently offering a rate of €1.0976 over £400, €1.1135 for over £500, or €1.1099 for over £1,000.
Despite the favourable rates, one foreign currency expert suggests now may not be the time to switch euros back into pounds.
Map of European currencies (Image: DX)
READ MORE
James Lynn, co-CEO and co-founder of Currensea told Express.co.uk: It may be tempting to change back leftover travel money, or even take out foreign currency in anticipation of a future holiday, while the exchange rate is favourable. However, I would advise against this.
THE POUND to euro exchange rate has rocketed in the last 24 hours as markets grow optimistic about the covid vaccine rollout in the UK. What does this all mean for your travel money - should you exchange leftover currency?