Friday, September 20, 2013

Currency Valuations for Travel Ideas - Fall 2013

For most of us, the total cost of a vacation is likely the number one reason for choosing a holiday destination. If one is just looking at currency valuations, here are three countries you may want to consider: Russia, Argentina and India.

The Russian ruble is now approximately 40% undervalued to the USD. This time of year, one can also find for the most part reduced airline ticket prices. If you can get a half decent deal on a flight, then most likely hotel prices & food are likely to be at a significant discount if you arriving from a USD, EUR, JPY, GBP CAD currency zone for example.

The Indian rupee has experienced a dramatic decline of over 20% during the summer. What about Argentina? Local currency chaos as usual. Not good if you are earning income and living full time in Argentina based on currency purchasing power parity, but a terrific deal if you are tourist visiting the country. In Argentina, you will be fine dining at a fraction of the cost of your home currency zone country.

So skip the usual spots in Western Europe to North America and go somewhere exciting & exotic like India, Argentina and Russia!!