My holiday plans take a £’ing

I’ll shortly be off to Australia on holiday and today had to buy my foreign currency. Having already learnt the lesson of how costly this can be if you leave it to the last minute and have to buy at the airport I now make sure I buy in advance online.

When I first started planning this trip 6 months ago £1 bought $2.5AUD but as you have probably seen recently the pound has weakened substantially. This now means that I’ll get closer to $2.1AUD for each pound spent so everything out there is now 19% more expensive to me than it would have been. To put that in to context I estimate that my holiday will now be £350 more expensive just because of the weak pound and there is absolutely nothing I can do about it.