Since the start of 2015, the US Dollar Index has been pretty volatile; however, it has seen a drastic rise over the past five years. These big gains, have caused the value of the dollar to significantly increase against other world currencies. As a result, 2016 is the perfect year to travel and visit different parts of the world.
If you aren’t sure where to travel to take advantage of the strong dollar, here are six countries where your dollar will go along way.
It is not much easier to travel to most European nations, but in the past number of years the economic turmoil that Greece has been very public. While they defaulted on their debt, they are still part of the Eurozone. Currently the Euro is at the lowest point ever against the US Dollar. As of March 1, 2016, one US Dollar had a value of 0.919 Euros. This is an increase of 26 percent over the past two years.
Depending on what occurs with United States interest rates during 2016, it is speculated that the value of the Euro will continue to fall against the US dollar, bringing the two currencies to a nearly equal place. If that’s the case, this could be a great year to visit Greece, explore the ancient Greek ruins or maybe take a trip to Santorini.
Like so many South American countries, in the past decade Argentina has also had its own economic problems. However, now that there is a new president in office, hopefully things will soon begin to turn around. Currently, it is an excellent time for American travelers to visit. As of March 1, 2016, one US Dollar had a value of 15.817 Argentinean Pesos, up more than 100 percent in the last two years.
If you are a wine lover, why not take a trip to a vineyard near the base of the Andes Mountains. Come enjoy the mouth watering cuisine Argentina has to offer.
In the last year, the value of the Russian Ruble has been crushed. As of March 1, 2016, one US Dollar had a value of 74.023 Russian Rubles. Over the last two years, this is an increase of nearly 103 percent. There won’t be a better time to enjoy a visit to Red Square or to take a ride on the Trans-Siberian railroad.
2015 saw little change in hotel prices throughout Moscow even though their economy was suffering. However, in 2016 things have changed because now prices are as much as 50 percent lower.
Scandinavia has always been one of the most expensive places in the world to visit, but in the last couple of years, it is far more affordable to visit because the value of the Swedish Krona is down. As of March 1, 2016, one US Dollar had a value of 8.589 Swedish Kronas, up 33 percent over the last two years.
In 2015 Trip Advisor did a survey and what it found was that Sweden’s hotel rooms had decrease up to 17 percent in the past year. With the Swedish Kronas continuing to decline, that number will likey increase even more.
Mexico isn’t an expensive place to travel to begin with, but over the last couple of years, it has become beyond cheap. You can get a flight from the US for under $200 round-trip, and then when you get to Mexico, the US Dollar’s value to the Mexican Paso makes almost everything affordable. As of March 1, 2016, the US Dollar had a value of 18.150 Mexican Pesos. That is an increase of 37 percent in the past two years.
If you have been thinking about visiting the beaches of Cozumel, or you’ve been thinking a trip to Mexican City to experience the culture was in order now is the perfect time.
Japan like Sweden has long been unaffordable to many travelers. However, since the end of 2012, there has been a major turnaround in the Japanese Yen’s value against the US Dollar. As of March 1, 2016, the US Dollar had a value of 113.24 Japanese Yen. That is a 45 percent increase since October 2012.
If you have been dreaming of visiting the Sensō-ji Temple in Tokyo then now might be the right time. Book your trip in early spring or late fall to get really cheap flights from the USA.
The value of the U.S. dollar has been considerably stronger in these last few year and that has made it much more affordable for Americans to travel and check out all the corners of the earth.