Despite widely varying costs of many beach items and family days out across Europe this summer, many UK families jetting off to Portugal look set to get good value from their travel money when eating out, according to Post Office Travel Money’s new Family Holiday Report.

Meal prices in Portugal have dropped 47 per cent since last July, equating to just £27.03 for two adults and two children. Prices have also plummeted in Cyprus, dropping 20 per cent, and Greece, where they have decreased by 17 per cent, meaning families heading to these destinations may also find their foreign currency goes further this year.

However, those bound for France may not get such good value on their travel money as prices are up 33 per cent. Meanwhile, eating out in Turkey is likely to cost around 13 per cent more due to the strengthening of the lira against sterling. UK holidaymakers bound for Turkey may need to budget carefully and plan their foreign currency in advance to get the best value from their travel money on arrival.