However, Mr Taylor warned about the unpredictability of the coronavirus and, therefore, how restrictions and rules can quickly change.
He explained: “As we saw with Brexit, uncertainty is one of the biggest causes of volatility for currency so both the travel industry and holidaymakers alike will be hoping for good news from the government’s travel review next week and clarity on the rules.
“In the meantime, savvy Brits hoping to get the most for their money should keep a close eye on the latest news around travel restrictions and regularly monitor the pound to secure the best rates,” Mr Taylor added.
The exchange rate has slipped in recent days, with the Post Office today offering a rate of € 1.1174 over £400, € 1.1336 for over £500, or € 1.1394 for over £1,000.
These rates are lower than yesterday’s offerings.