The pound is bombing, the euro is whupping its proverbial, and the Eurozone economies are singing a collective "ner-ner-ner-ner-ner" at us. There's only one thing for it: we must cast our gazes eastward. A few weeks ago we told you about hotels in Budapest and Riga slashing their prices, but with things going from bad to worse on the money markets, we thought you could do with another top tip on finding bargains in the east. Inyourpocket.com (IYP) is one of the web's best travel resources, and is particularly strong on eastern Europe. All 76 of their city guides can be viewed online on the new website, and most are also available as handy PDF downloads.

We sent an SOS to IYP editor-in-chief Craig Turp, asking for some of his latest tips on non-eurozone destinations. One of IYP's most recently updated guides is on Krakow, where Craig recommends the Hotel Pollera, "which has great value doubles for just ZL450 [around £100] in a gorgeous secession masterpiece of a building complete with stained-glass windows by Stanislaw Wyspianski. A similar level of grandeur in a western European city would cost three times as much. On the same street is the equally cracking value Leonardo, an Italian restaurant famous for its deer steaks."

And where is the pound currently going furthest? "Bucharest. The local currency, the leu, is in free fall, and you can expect bargains everywhere. Try the brand new Hotel Amzei, a gorgeous neoclassical villa renovated to within an inch of its life, which has doubles for well under £100." And with Bucharest, Craig is well ahead of the budget crowd: he lives there.

• Links to all hotels on inyourpocket.com.