15 Destinations Where You Will Get the Most Value for US Dollar
Ordering foreign currency is easy with OnlineFX.The U.S. dollar continues to gain strength against foreign currency. The greenback has made some sizeable movements when compared to many currencies around the globe, especially commodity-based economies. Looking at April 2019 vs April 2020, we see a prime example with the Mexican peso is down 27% vs the U.S. dollar meaning you get more pesos for every dollar. Another currency, the Australian dollar, also lost double-digit value vs the U.S. dollar down more than 12%. Widely the U.S. dollar gained more than 5% against most major currencies and even 3.5% against the euro. “The dollar does well in global recessions,” said Momtchil Pojarliev, head of currencies at BNP Asset Management in New York. With the prospect of an upcoming recession, many investors will fall back to the U.S. dollar as a safe-haven currency, increasing its value even further. The rise of the dollar is definitely a danger for other emerging markets.
It is a good time to look into traveling to some of the world’s best destinations. According to Sarah Schlichter, a senior editor at SmarterTravel, told Travel + Leisure, "Japan and Norway are not cheap; however, if you want to visit them now is a good time." Or if visiting the country is not in the cards at the moment, we suggest planning for a trip. Buying foreign currency now could provide some significant savings if global currencies regain some strength as their economies get back on track.
For a better insight on airfares, Expedia has provided a 2019 Air Travel Outlook report. From the report, here are some money saving tips for travel:
1. Book flights at least three weeks ahead of travel
2. Book flights on a weekend
3. Book hotels on a Friday night
4. Start the journey on a Thursday or Friday
5. Extend short, weekday-only trips to include a Saturday night
These are the top 15 countries where the US dollar has gained the most value since this time last year.
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Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -12.43%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: March
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -5.17%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: February
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Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -22.87%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: May
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Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -10.57%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: March
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -5.82%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: March
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -27.43%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: February
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -34.86%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: November
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -55.20%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: November
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): 1.20%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: March
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -1.60%
- Best day of the week to start a journey on international economy: Thursday
- Lowest international economy flight average ticket price: November
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -5.41%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: December
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -3.55%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: September
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -3.68%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: September
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): 4.64%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: September
- Year-over-year currency exchange rate change (04/20/19 - 04/20/20): -4.39%
- Best day of the week to start a journey on international economy: Friday
- Lowest international economy flight average ticket price: December
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