The small group of countries where the pound is king and prices are cheap

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The pick of the bunch is Turkey, where £1 buys 21.07 lira, down from 12.51 a year ago. This means that for every £1,000 exchanged, Britons will receive the equivalent of £408 more in spending money. With temperatures hovering around 25°C at the moment, a week or two on the Turquoise Coast seems like a good idea.

Telegraph Travel Turkey expert Terry Richardson said: “The country is a hugely attractive option for those looking for high-value travel, despite a runaway inflation rate of 83% which has led to substantial price hikes.

Accommodation prices are very reasonable – I have just returned from a trip to Eastern Turkey and have never paid more than £25 per night for a decent double en-suite room in a hotel downtown. Even in Turquoise Coast resorts such as Kas, £40 will get you a comfortable double room, with breakfast included.

“It’s also easy to eat out on the cheap: a good pide (Turkish pizza) topped with cheese, always accompanied by a generous salad, will set you back around £3.50, a kebab with all the trimmings around from £4.50 a delicious bowl of lentil soup in the same type of establishment a fraction of more than a pound.

Istanbul is generally more expensive than the rest of the country, Richardson said, but still far cheaper than many European cities. “Budget hotel rooms start at around £45 per night. Public transport has incredible value. The 20-minute ferry to Asia, with stunning views of the old town, costs a fraction of over 40p, and even less on the city’s excellent tram or metro systems. Many top attractions, including the Aya Sofya and the Blue Mosque, are free, and others such as the recently restored Basilica Cistern and the sprawling Topkapi Palace around £10.

Hungary – up 17%

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