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

Ryan August 29th, 2022
20 Destinations Where You Will Get the Most Value for US Dollar

 

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The US dollar has generally had a good year and strengthened tremendously when looking at the U.S. Dollar Index (DXY). This is generally used as a way to measure the strength of the U.S. dollar compared to a basket of currencies (weighting of the currency in parentheses) - Euro (-15.6%), Japanese yen (-19.96%), and Canadian dollar (-1.51%). In this case, this means the Euro is worth 15.6% less compared to the US dollar last year.

Does that mean it's harder to travel to other countries and get more for your dollar? Not so fast as regular international travelers know. Each country's cost of goods makes a dollar to foreign currency comparison more interesting.

An evaluation of how far your dollar will go in a foreign country is more complete when looking at comparative price level indices. The comparative price level indices are the ratios of purchasing power parities to market exchange rates. At the level of GDP, comparative price levels provide a measure of the differences in the general price levels of a basket of consumer goods and services in countries. This indicator is measured as an index and produced by the Organisation for Economic Co-operation and Development.

Wondering what this means in your day-to-day travel purchases around the globe? Check out our How Much Currency You Need blog series.

 

 

Top 20 countries where the US dollar has gained the most value since this time last year

It is a good time to look into traveling to some of the world’s best destinations. According to Ariane Gorin, President of Expedia for Business: told Expedia Group, "Travel is about to experience a year unlike ever before as people plan purpose-driven trips, value vacation time more, and up their investment in unique experiences." 

For a better insight on the travel industry, Expedia has provided a Traveler Value Index 2022 Outlook Report and findings still apply today. From the report, here are interesting data for travel:

1. Most people will travel in the next six months — and frequent, quick trips are trending.
2. People will invest more in travel compared to pre-COVID-19.
3. International travel will start to make a comeback.

 

1. Argentina - Argentine Peso (ARS)

Rio de Janeiro, Brazil

  • Currency exchange rate change (August 2021 - August 2022): -28.86%
  • Average cost for round-trip flights: $929
  • Cheapest month to book a flight: March
     

2. Australia - Australian Dollar (AUD)

Rio de Janeiro, Brazil

  • Currency exchange rate change (August 2021 - August 2022): -3.56%
  • Average cost for round-trip flights: $1,409
  • Cheapest month to book a flight: September
     

3. Austria - European Euro (EUR)

Belvedere Palace, Vienna, Austria.

  • Currency exchange rate change (August 2021 - August 2022): -15.06%
  • Average cost for round-trip flights: $813
  • Cheapest month to book a flight: February
     

4. Canada - Canadian Dollar (CAD)

Ferry Boat in Vancouver, Canada

  • Currency exchange rate change (August 2021 - August 2022): -1.51%
  • Average cost for round-trip flights: $526
  • Cheapest month to book a flight: January
     

5. Chile - Chilean Peso (CLP)

Cable car in San Cristobal hill

  • Currency exchange rate change (August 2021 - August 2022): -16.13%
  • Average cost for round-trip flights: $486
  • Cheapest month to book a flight: September
     

6. China - Chinese Yuan Renminbi (CNY)

Great Wall of China in Hong Kong, China

  • Currency exchange rate change (August 2021 - August 2022): -5.07%
  • Average cost for round-trip flights: $1,306
  • Cheapest month to book a flight: November
     

7. Colombia - Colombian Peso (COP)

Colombia

  • Currency exchange rate change (August 2021 - August 2022): -12.05%
  • Average cost for round-trip flights: $318
  • Cheapest month to book a flight: March
     

8. Hungary - Hungarian Forint (HUF)

Budapest, Hungary

  • Currency exchange rate change (August 2021 - August  2022): -27.37%
  • Average cost for round-trip flights: $587
  • Cheapest month to book a flight: January
     

9. India - Indian Rupee (INR)

Taj Mahal in India

  • Currency exchange rate change (August 2021 - August 2022): -6.95%
  • Average cost for round-trip flights: $756
  • Cheapest month to book a flight: September
     

10. Indonesia - Indonesian Rupiah (IDR)

Bali, Indonesia

  • Currency exchange rate change (August 2021 - August 2022): -2.57%
  • Average cost for round-trip flights: $1,003
  • Cheapest month to book a flight: November
     

11. Japan - Japanese Yen (JPY)

Asakusa Temple in Tokyo, Japan

  • Currency exchange rate change (August 2021 - August 2022): -19.96%
  • Average cost for round-trip flights: $1,016
  • Cheapest month to book a flight: September
     

12. Malaysia - Malaysian Ringgit (MYR)

Kuala Lumpur, Malaysia

  • Currency exchange rate change (August 2021 - August 2022): -5.58%
  • Average cost for round-trip flights: $743
  • Cheapest month to book a flight: August
     

13. Mexico - Mexican Peso (MXN)

Cancun Mexico Beach

  • Currency exchange rate change (August 2021 - August 2022): 1.61%
  • Average cost for round-trip flights: $303
  • Cheapest month to book a flight: January
     

14. Morocco - Moroccan Dirham (MAD)

Casablanca, Morocco

  • Currency exchange rate change (August 2021 - August 2022): -14.47%
  • Average cost for round-trip flights: $704
  • Cheapest month to book a flight: August
     

15. New Zealand - New Zealand Dollar (NZD)

Cathedral Cove, New Zealand

  • Currency exchange rate change (August 2021 - August 2022): -9.42%
  • Average cost for round-trip flights: $1,986
  • Cheapest month to book a flight: March
     

16. Norway - Norwegian Krone (NOK)

Hamnøy Lofoten Norway Northern Lights

  • Currency exchange rate change (August 2021 - August 2022): -7.66%
  • Average cost for round-trip flights: $550
  • Cheapest month to book a flight: November
     

17. Poland - Polish Zloty (PLN)

Old town in Warsaw, Poland

  • Currency exchange rate change (August 2021 - August 2022): -18.51%
  • Average cost for round-trip flights: $699
  • Cheapest month to book a flight: February
     

18. South Africa - South African Rand (ZAR)

Cape Point in South Africa

  • Currency exchange rate change (August 2021 - August 2022): -9.97%
  • Average cost for round-trip flights: $950
  • Cheapest month to book a flight: February

     

19. South Korea - South Korean Won (KRW)

Gyeongbokgung Palace with Star trails at night in Seoul,Korea

  • Currency exchange rate change (August 2021 - August 2022): -12.44%
  • Average cost for round-trip flights: $1,185
  • Cheapest month to book a flight: September

     

20. Spain - European Euro (EUR)

Park Guell in Barcelona, Spain

  • Currency exchange rate change (August 2021 - August 2022): -15.06%
  • Average cost for round-trip flights: $591
  • Cheapest month to book a flight: October

     

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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 passports, 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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