The weakness of the Asian currencies should help those heading on holidays to that part of the world to make their pounds go further.

Savings may not be seen on holiday packages to popular destinations such as Thailand for some time yet. as This It will depend on when the tour operators actually paid for them. However, the sharp fall in the value of currencies should make entertainment and eating out there substantially cheaper.

The Thai baht, for example, has almost halved in value against the US dollar in recent months. Even though the pound has also dropped in value against the US currency, the extent of the fall in the Thai currency will still ensure good value. The currency most badly affected is the Indonesian rupiah, which is currently worth up to four times less against the dollar. Those heading to Malaysia and Singapore will also benefit but the savings will be a good deal less. However, spending time in Hong Kong will be much more expensive because the local dollar is still pegged to the US dollar.