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Exchange Rates Make Lanzarote Villa Breaks More Affordable - Lanzarote Blog

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Exchange Rates Make Lanzarote Villa Breaks More Affordable

Apr 23, 11:30 am

There’s not been a better time to book a villa break in Lanzarote in years, at least in terms of the sterling versus euro exchange rate. Which has now hit €1.20 to the pound, the best return in 20 months.

Anyone planning to book one of our Lanzarote holiday villas this summer can tie themselves into the currently favourable exchange rates by reserving and paying for their accommodation in the next few weeks, as the sterling to euro exchange rate is expected to remain at current levels for the foreseeable future. Indeed some observers suggest that this rate could in fact increase over the coming 12 months, although given the current levels of economic instability everywhere this prediction remains little more than guesswork at best.

Either way British based holidaymakers are now some 3% better off than they were at the start of the month in terms of their sterling spending power – and well ahead of rates that last year almost reached parity. As a result some foreign exchange companies have recorded a 50% increase in sterling to euro transactions over the last few weeks.

According to national newspaper reports sterling’s current status is more to do with weakness in the euro zone sector than any inherent strength in the British economy. As markets continue to react to worries over Spain’s debt to GDP ratio.

But for British holidaymakers it’s all good news, as this means that their pounds now stretch further, making villa breaks on Lanzarote that much more affordable.
Lanzarote is an ideal choice for both summer and winter holidays, thanks to the island’s excellent year round climate. And visitors will find that there are loads of things to see and do here, such as the many creations of César Manrique, historic towns and villages such as the former island capital of Teguise and an abundance of beautiful beaches.

Eating out on the island is also going to be much more affordable too, an important consideration for anyone visiting Lanzarote on a self catering break. And there are thousands of good quality restaurants on the island to try, encompassing a wide range of styles, from traditional Canarian through to Thai and Mexican.

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