So while prices have risen in lira, a cup of coffee in the popular destination of Marmaris, on the south coast, now costs just 59p on average, according to the Post Office’s holiday costs barometer, which compares the prices of everyday local items. A three-course evening meal for two costs just £16 on average and a bottle of beer will set you back £1.50. It found that Turkey had the lowest cost of living ranking out of all destinations in pound terms.

However, the country, the 10th most popular holiday destination this year for British tourists according to travel agency trade body ABTA, is relatively expensive to get to. Flights cost £292 on average, while the average cost of a hotel room is £134 a night, according to data compiled for this newspaper by comparison site Kayak.

Spain, France, Italy, Greece and Portugal, are all cheaper to fly to even though they are the first, third, fourth, fifth and sixth most popular destinations respectively.

Spain and France had cheaper nightly hotel prices, according to the data, although the latter was just £1 a night cheaper than Turkey. Spain’s average nightly hotel price was just £121 a night, making accommodation £130 cheaper for a 10-night stay.

Spain also ranked well for everyday holiday expenses, rated as the sixth best value destination of out 36 locations in the Post Office’s barometer. France in comparison was one of the more costly destinations, ranking 26th. A three-course dinner for two, for example, costs almost £72.

Prices in Spain are rising faster than in other parts of the continent and are now almost 10pc higher than a year ago, compared with 5.1pc in France, 7pc in Italy, 7.2pc in Greece and 4.2pc in Portugal.

What’s more the purchasing power in all of these countries is limited because of the strong performance of the euro against the pound. £1 is currently worth around €1.18.