Travel Thailand for almost 6 weeks on just £500

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11 Jul 2017

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Key data:

• British holiday makers could travel for up to 44 days in Thailand and 26 days in Mexico on a budget of just £500
• That’s compared to only 6 days in Switzerland and Norway
• For the cheapest coffee, Brits should head to Bulgaria where it costs as low as 95p
• Beer drinkers should consider visiting Bulgaria where a beer costs as low as just 97p, or Czech Republic where it is as low as only £1.07

July 2017: British holiday makers could travel for 6 weeks on just £500 spending money in Thailand, according to research carried out by Travelex, making it the cheapest destination for Brits on a budget.

One of the world’s leading foreign exchange provider has revealed the 10 best and worst destinations for those on a budget in 2017. The results are based on the average cost of living in each country^[1] and current exchange rates^[2] to show how long £500 could last if one person ate out three times a day, had four soft drinks, two beers, a coffee and two trips using public transport.

So, how long could you comfortably travel on £500?

10 Cheapest destinations		10 Most expensive destinations
Country	How many days you could last on £500? (Days)	Country	How many days you could last on £500 (Days)
Thailand/Baht	44	Switzerland/CHF	6
Mexico/MXN Peso	26	Norway/Krone	6
Jamaica/JM$	25	Denmark/Krone	7
Bulgaria/BGN Lev	23	Netherlands/Euro	8
Czech Republic/Koruna	23	Belgium/Euro	8
Hungary/Forint	22	Republic of Ireland/Euro	8
Poland/Zloty	22	Italy/Euro	8
Turkey/TL	22	Australia/AU$	9
South Africa/Rand	18	Finland/Euro	9
Portugal/Euro	17	France/Euro	9

 

John Rayment, UK Commercial Director at Travelex commented,

“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.”

 

To help travellers budget better, Travelex has launched their 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*.

 

-ENDS-

 

 

 

Further information:

Data is based on –

• All data is taken from Numbeo’s Cost of Living Comparison Service, the data for which is compiled from a combination of user-submitted and manually collected data from multiple sources (further information on the methodology of the data collection is available here. As a result, data on more popular destinations may be more reliable than others. Travelex makes no claims, and bears no liability, in respect of the accuracy or suitability of any of the information supplied to any particular traveller, and the suggested figures are for guidance only.
• Most popular travel destinations for Brits (2016’s most visited countries analysed – 100k or more visitors) https://www.ons.gov.uk/peoplepopulationandcommunity/leisureandtourism/datasets/ukresidentsvisitsabroad
• ^[1]Cost of living calculated using https://www.numbeo.com/cost-of-living/ (accurate on 28^th June 2017)
• ^[2]Exchange rates (accurate on 29^th June 2017) https://www.travelex.co.uk/
• Data also available on request for best places to go for cheap beer and best places to go for cheap coffee
• The spending calculator tool can be found here https://www.travelex.co.uk/currency-converter

How long could you last on £500?
Country/ Currency	Spent per day (local currency) [1]	Spent per day (in £)	How many days could you last? (days)
Thailand/Baht	473.27	11.43	44
Mexico/MXN Peso	417.82	19.14	26
Jamaica/JM$	3101.16	20.01	25
Bulgaria/BGN Lev	45.38	21.91	23
Czech Republic/Koruna	620.83	22.12	23
Hungary/Forint	7305.35	22.65	22
Turkey/TL	94.68	22.32	22
Poland/Zloty	103.15	23.05	22
South Africa/Rand	445.53	27.55	18
Portugal/Euro	32.90	29.64	17
Barbados/Bda$	97.40	40.29	12
Spain/Euro	45.08	40.61	12
Cyprus/Euro	46.35	41.76	12
Greece/Euro	48.40	43.60	11
United Arab Emirates/AED	203.45	44.80	11
Canada/CA$	75.01	46.15	11
Germany/Euro	53.24	47.96	10
Austria/Euro	54.48	49.08	10
USA/Dollars	62.31	49.39	10
Malta/Euro	55.17	49.70	10
Sweden/S Krona	574.64	53.84	9
France/Euro	61.06	55.01	9
UK	55.04	55.04	9
Finland/Euro	65.20	58.74	9
Australia/AU$	92.82	56.29	9
Italy/Euro	65.47	58.98	8
Belgium/Euro	67.92	61.19	8
Republic of Ireland/Euro	69.08	62.23	8
Netherlands/ Euro	70.16	63.21	8
Denmark/Krone	612.39	74.82	7
Norway/Krone	896.77	85.34	6
Switzerland/CHF	106.93	88.82	6

 

Notes to editors:

For more information please contact Beth Hibbert at Beth.Hibbert@Branded3.com / 0113 260 4010

 

About Travelex:

 

Founded in 1976, Travelex has grown to become the world’s leading specialist provider of foreign exchange, with presence in 29 countries. The Group has built a growing online and mobile foreign exchange platform, across 23 countries, and developed a network of over 1,000 ATMs and 1,500 stores at both on-airport and off-airport locations around the world. It also processes and delivers foreign currency orders for major banks, as well as for travel agencies, hotels and casinos. In addition, the Group sources and distributes large quantities of foreign currency banknotes for customers including central banks and international financial institutions. The Group is also active in the remittances and payments space.

http://www.travelex.co.uk  

https://www.facebook.com/TravelexUK?fref=ts  

https://twitter.com/TravelexUK

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