Why Brexit need not cast a cloud over your destination wedding

12 Feb 2019

How to get the most for your money when tying the knot overseas

Image: Gabriel Baranski via Unsplash

Is a far-flung destination your dream wedding location? Nearly one in five UK couples choose to get married abroad with the prospect of Insta-worthy photos, a hotter climate and lower overall costs. 

The 2018 John Lewis Wedding Trends Report saw three European countries take the top spots for weddings abroad. Italy, France and Greece ranked the highest, followed by the United States. 

However, with Brexit on the horizon, many couples are reconsidering their plans to make the most of the changed buying power of the Pound. While the Euro and Dollar exchange rate is no longer preferable, there are still plenty of popular destinations where your dream wedding is far more affordable.

Brides looking to get the best on a budget are choosing countries where the Pound is still strong, such as Turkey. Since the crash of the Turkish Lira last year, Brits receive almost double the amount of Lira against the Pound.

Alternatively, couples that might previously have headed to the US or Hawaii, should look into South Africa or Mexico where Brits secure around 4.5% more out of the South African Rand and nearly 5% against the Mexican Peso.

What's more, since 2016, a mountain top villa overlooking the Aegean has become twice as affordable.

Regardless of your destination, exchange rates are in a constant state of flux which means the associated costs of weddings and honeymoons are subject to the unpredictable markets. 

Zoe Dawson-Williams, chief customer officer at moneycorp, says: "Couples getting married overseas should consider the benefits of using a specialist international payments firm. Doing so provides access to an account manager who can assist with one-off or regular international payments to get better value for money - whether that be for your venue, caterer or even flights."

For further information and advice, email enquiries@moneycorp.com or visit: moneycorp.com.

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