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Exchange rates

You will see that over the period in which the card was used the exchange rate between Euros and British pounds changed.  For example, on August 28th, the rate was 1.0791 Euros and on August 31st the rate was 1.0845. 

The rates of exchange between different currencies are continually changing, depending on economic and political conditions. These changes affect tourists and tourism organisations.

Exchange rates between different currencies can change a lot over a period of time, such as two or three years and these changes can have a big impact.  Sometimes, the terms ‘strong pound’ and ‘weak pound’ are used. 

A ‘strong pound’ means that tourists can buy a lot of foreign currency when they go abroad, making their holiday cheaper.  A ‘weak pound’ means that less currency can be bought, making things more expensive for UK tourists abroad.