Travelex reveals cheapest destination on £500 budget

British holiday makers could travel for six weeks on £500 spending money in Thailand according to research carried out by Travelex, making it the cheapest destination for Brits on a budget. 

Krabi is home to many of Thailand's most iconic tourist destinations, including Railay Bay (pictured)
Railay Bay, Krabi, Thailand

The results are based on the average cost of living in each country and current exchange rates to show how long £500 could last if you ate out three times a day, had four soft drinks, two beers, a coffee and two trips using public transport.

The second cheapest destination is Mexico where £500 will last 26 days. The same amount will last six days in Switzerland and Norway.

For the cheapest coffee and beer, Brits should head to Bulgaria where coffee costs 95p and a beer 97p.

John Rayment, UK commercial director at Travelex said:
“When it comes to holiday budgeting it can be difficult to know where to start. It’s not just cheap flights and accommodation that make a trip good value. Thorough research before you book about how much spending money you’ll need can really help you stick to a set budget.”

 

The cheapest destinations where £500 will last are:

Thailand/Baht
44 days

Mexico/MXN Peso
26

Jamaica/JM$
25

Bulgaria/BGN Lev
23

Czech Republic/Koruna
23

Hungary/Forint
22

Poland/Zloty
22

Turkey/TL
22

South Africa/Rand
18

Portugal/Euro
17

Travelex has launched a spending calculator tool where users can fill in details about where they want to travel and the activities they want to take part in whilst on holiday. The tool will then reveal a suggested budget for the trip based upon real time cost of living.

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