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Pound climbs against euro, cutting cost of renting an Ibiza villa

Banknotes hanging on clothesline in front of the beach

Peter Lavelle

Great news if you intend to rent an Ibiza villa! It’s now less expensive to do so, because the pound has hit a 2-year high against the euro, its strongest since July 2012, at 1.2687.

What does this mean for you? Well, when you exchange currencies to visit Ibiza, it means you’ll now receive more euros! For instance, if you exchange £1,250 for a fortnight in Spain with the family, you’ll now get +€180 more than 18 months ago, back in March 2013, when the pound was far weaker, at just 1.1371.

So, that’s an extra +€180 in your pocket, at absolutely no additional cost to you! With that kind of money, you could extend your holiday in Ibiza an extra day, splash out at a fancy Spanish restaurant, or just enjoy a large saving!

Moreover, it could soon become even cheaper to rent an Ibiza villa, if sterling continues to climb. The pound could jump further, because there’s a high chance the Eurozone will soon enter recession for the 3rd time since the financial crash. If so, this may further lift the pound to euro exchange rate!

With this in mind, it’s an excellent time to rent an Ibiza villa, as the strong pound means you can now receive more spending money when you do so.

By Peter Lavelle at foreign exchange broker Pure FX. For free expert currency advice when you rent an Ibiza villa, call me on +44 (0) 1494 671800 or email peter.lavelle@purefx.co.uk. I’d be delighted to help.

To chose which villa to spend your savings on please see Ibiza Villa Rentals

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