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

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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• Currency exchange rate change (August 2021 - August 2022): 1.61%
• Average cost for round-trip flights: $462
• Cheapest month to book a flight: January
   

14. Morocco - Moroccan Dirham (MAD)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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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