European cities breaks are no longer causing financial headaches for Britons due to improved currency rates, recent statistics show.

The strength of the British pound compares more favourably against the euro than it did this time last year. The pound is also stronger against non-euro currencies, including the Hungarian forint, the Turkish lira and the Polish zloty, making Europe a more affordable holiday destination for British tourists.

Your money will go the furthest in the Latvian capital of Riga, which topped Post Office Travel Money’s poll of 23 destinations for best value in terms of travel, accommodation, food, drinks and sightseeing.

A typical city break in Riga costs around £120. This compares with around £300 for the same stay in Stockholm and more than £330 for a trip to New York.

The second-best city with regards to value for money is Budapest, where the British pound is nearly 20% stronger against the forint than 12 months ago.

Other high-ranking European destinations, which can be reached from major UK airports such as Heathrow and Stansted, include Tallin in Estonia, Belfast and Dublin, where cultural sightseeing is exceptionally cheap.

“Our figures show clearly how the prices tourists will pay on a city break are inextricably linked to the value of sterling against individual currencies.

“In Budapest local prices are level with those a year ago but costs for UK tourists have fallen,” said the head of Post Office Travel Money Andrew Brown.

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