Monday, December 23, 2024
HomeTravelThese Countries Are Some of the Most Affordable to Visit Right Now...

These Countries Are Some of the Most Affordable to Visit Right Now Thanks to Conversion Rates



Travel always costs money, but there are certain countries where the dollar stretches further, making a bucket-list trip just a little more affordable.

That’s true for places like Argentina, where the dollar is up more than 182 percent compared to the Argentine peso over the last year, according to a new study from NetVoucherCodes that was shared with Travel + Leisure. In fact, the dollar exchange rate has grown consistently stronger in the country — known for its beautiful cities, amazing wine, and top-notch skiing. (At the time of publication, $1 is worth about 998 Argentine pesos.)

The dollar is also currently strong in Egypt, which saw its currency dip in February due to higher interest rates, according to the study. As a result, the U.S. dollar is up 58.43 percent against the Egyptian pound over the last year. (At the time of publication, $1 is worth 49 Egyptian pounds.)

The dollar is also strengthening against local currencies in several popular destinations like Mexico, where it is up nearly 13 percent compared to the Mexican peso over the last year, and Turkey, where it is up more than 21 percent compared to the Turkish lira. (At the time of publication, $1 is worth about 20 Mexican pesos and 34 Turkish lira.)

While some countries have become more affordable to visit, others have seen a strengthening of their currencies against the dollar, making a visit a pricier endeavor. That’s true for Thailand — T+L’s destination of the year for 2025 — where the study said the Thai baht has gained 6.21 percent against the U.S. dollar, especially through October. It is also true for the United Kingdom, where the dollar has decreased in value by 5.55 percent compared to the British pound over the past year. (At the time of publication, $1 is worth 34 Thai baht, and 1 British pound is worth $1.26.)

Luckily, there are still some things travelers can do to help save money, Rebecca Bebbington, a personal finance expert at NetVoucherCodes, said in a statement shared with T+L. “Before you buy anything, find out about any potential card fees in advance. Some merchants may impose surcharges for card payments without telling you, so knowing this can help you decide whether to use your card or pay with cash,” Bebbington said. “Staying informed about potential fees helps you manage your budget effectively and avoid unnecessary expenses.”

To determine currency valuation changes, NetVoucherCodes, a company focused on online shopping affordability, compared the exchange rate of the U.S. dollar to other world currencies over one, three, and five years using data from Currency API for its valuations.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments