£1 now buys you €1.25 - that is the most since October 2008 and 10 per cent more than this time last year.
But every silver lining has to have a grey cloud, and some of the wilder speculation right now involves the suggestion that holidaymakers should be worried about holding Greek euros.
That's because, while the Eurocrats would have you believe that every euro note is equal, there is one tiny crucial difference.
The little-known way to spot where they come from is a letter in front of the serial number, pictured above. We explain here how to spot a German X from a Greek Y.
