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Thursday, December 15, 2016

15 Destinations Where You Will Get the Most Value for US Dollar

15 Destinations Where You Will Get the Most Value for US Dollar

 

As many of you might know the US dollar started strong this year. It's also ending the year stronger with the new announcement of a rate hike this year from the Federal Reserve indicating 1/2 to 3/4 percent. This is great news and ultimately means all travelers like you will get the best value for your dollar abroad.

Keep in mind, there's an art to knowing exactly where to travel to get the most value for your US dollar. The great news is that 2016 continues to be a wonderful year for American travelers to explore abroad, with banks reporting the US dollar started strong in 2016.

For American travelers, this translates to big savings of up to 40 percent. Some believe there is a limit to how long American travelers can ride out a strong US dollar for cheaper than average vacations.

According to Expedia’s president and CEO, Dara Khosrowshahi told Travel + Leisure, "We've seen that the strength of the US dollar has made international travel more affordable in the last year, with continued currency fluctuations globally, now is a better time than ever for Americans to travel abroad."

For a better insight on airfares, Expedia has compared the price of flights in 2016 versus 2015 for the destinations listed below. These are the top 15 countries where the US dollar has gained the most value since this time last year.

 

15. Australia (AUD) Dollar

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -6.26%
  • Currency exchange rate change (3/7/16 - 12/14/16): -0.83%
  • Year-on-year flight savings: 9.39%

Flickr/Nicki Mannix

 

14. Canada (CAD) Dollar

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -6.80%
  • Currency exchange rate change (3/7/16 - 12/14/16): 0.15%
  • Year-on-year flight savings: 9.96%

Flickr/Harshil Shah

 

13. Norway (NOK) Kroner

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -11.39%
  • Currency exchange rate change (3/7/16 - 12/14/16): -0.85%
  • Year-on-year flight savings: 11.13%

Flickr/Diana Robinson

 

12. Peru (PEN) New Sol

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -11.61%
  • Currency exchange rate change (3/7/16 - 12/14/16): 2.04%
  • Year-on-year flight savings: 11.43%

Flickr/Carlos Ebert

 

11. New Zealand (NZD) Dollar

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -11.66%
  • Currency exchange rate change (3/7/16 - 12/14/16): 4.67%
  • Year-on-year flight savings: 11.91%

Flickr/Tom Hall

 

10. Chile (CLP) Peso

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -12.5%
  • Currency exchange rate change (3/7/16 - 12/14/16): 7.14%
  • Year-on-year flight savings: 12.75%

Flickr/Melenama

 

9. Malaysia (MYR) Ringgit

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -12.84%
  • Currency exchange rate change (3/7/16 - 12/14/16): -7.90%
  • Year-on-year flight savings: 12.88%

Flickr/Elviz Low

 

8. Turkey (TRY) Lira

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -14.12%
  • Currency exchange rate change (3/7/16 - 12/14/16): -17.44%
  • Year-on-year flight savings: 15.15%

Flickr/David Spender

 

7. Mexico (MXN) Peso

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -15.89%
  • Currency exchange rate change (3/7/16 - 12/14/16): -13.32%
  • Year-on-year flight savings: 20.57%

Flickr/Dennis Jarvis

 

6. Russia (RUB) Ruble

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -15%
  • Currency exchange rate change (3/7/16 - 12/14/16): 14.20%
  • Year-on-year flight savings: 21.41%

Flickr/Jack Versloot

 

5. Uruguay (UYU) Peso

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -23.95%
  • Currency exchange rate change (3/7/16 - 12/14/16): 12.90%
  • Year-on-year flight savings: 21.86%

Flickr/Rod Waddington

 

4. Colombia (COP) Peso

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -25%
  • Currency exchange rate change (3/7/16 - 12/14/16): 0%
  • Year-on-year flight savings: 26.66%

Flickr/Pedro Szekely

 

3. South Africa (ZAR) Rand

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -24.67%
  • Currency exchange rate change (3/7/16 - 12/14/16): 9.63%
  • Year-on-year flight savings: 27.34%

Flickr/Nicolas Raymond

 

2. Brazil (BRL) Real

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -26.18%
  • Currency exchange rate change (3/7/16 - 12/14/16): 12.08%
  • Year-on-year flight savings: 27.47%

Flickr/Amina Tagemouati

 

1. Argentina (ARS) Peso

  • Year-over-year currency exchange rate change (3/7/15 - 3/7/16): -44.27%
  • Currency exchange rate change (3/7/16 - 12/14/16): -3.82%
  • Year-on-year flight savings: 39.7%

Flickr/SF Brit

 

 

 
 

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About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com

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Posted By Jacquelyn McMullen at 12:30 PM
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