Reward Expert suggests checking the exchange rate and finding a country that gets you furthest with your dollar. Since exchange rates fluctuate often, where you should go in 2017 could drastically differ from the year before.
In a report launched on July 12, the travel reward-planning service tracks the countries that have the greatest increase of value for money. Find out where they are.
#1: ARGENTINA (+13.5%) In light of political currency devaluation, the dollar sees greatest increase in value in Argentina. Even so, the South American country’s affordability as a travel destination is mixed at best. Although most activities and entertainment are generally cheap, expect to pay more for flights and hotels.
Argentina
Flight (Round trip, Economy, 1 Passenger, New York to Buenos Aires): $1,817.63 Average Expenses Drinks & Dining: $63.26 Groceries: $14.41 Local Transit: $1.86 Recreation: $28.37 Shopping: $415.55 Accommodation: $162.46 #2: UNITED KINGDOM (+12.1%) While the U.K. is by no means a cheap getaway—with nearly all categories except for groceries and flights at the U.K. remaining at the top half of the price rankings, it’s certainly becoming a lot cheaper as a result of Brexit, uncertainty around recent political election and other factors.
United Kingdom
Flight (Round trip, Economy, 1 Passenger, New York to London): $736.48 Average Expenses Drinks & Dining: $99.58 Groceries: $13.70 Local Transit: $7.22 Recreation: $25.25 Shopping: $273.48 Accommodation: $158.60 #3: CHINA (+5.2%) As one of the most affordable countries to visit on the list, China’s low prices are going even lower this year after The People’s Bank of China allowed a moderate depreciation of the yuan in an effort to stimulate the economy. With the exception of groceries, the Asian country offers great value for most categories. What’s more, it’s cheap to fly there—At under $950 from New York City, that’s only $13.84 per 100 miles!
China
Flight (Roundtrip, Economy, 1 Passenger, New York to Beijing): $944.47 Average Expenses Drinks & Dining: $34.50 Groceries: $18.62 Local Transit: $0.83 Recreation: $17.30 Shopping: $261.78 Accommodation: $93.72 #4: SWEDEN (+4.6%) Like many Western European countries, Sweden ranks lower on the overall affordability scale. But for those looking to visit Scandinavia, Sweden’s increase in value for the dollar—as result of low interest rates and weakening of the Swedish krona in recent years—may make it the best (certainly the cheapest) Scandinavian country to consider in 2017.
Sweden
Flight (Roundtrip, Economy, 1 Passenger, New York to Stockholm): $509.12 Average Expenses Drinks & Dining: $105.29 Groceries: $17.15 Local Transit: $5.65 Recreation: $39.87 Shopping: $374.86 Accommodation: $174.27 #5: CANADA (+3%) As the quintessential average-priced travel destination, ranking in the middle in most cost categories, Canada sees 3% increase in value for the U.S. dollar after a number of household debt and housing concerns.
Canada
Flight (Roundtrip, Economy, 1 Passenger, New York to Ottawa): $274.11 Average Expenses Drinks & Dining: $77.80 Groceries: $17.05 Local Transit: $4.52 Recreation: $24.97 Shopping: $237.68 Accommodation: $149.10 #6: JAPAN (+1.5%) With flights running for a whopping $66.79 per 100 miles, a 1.5% increase of the dollar on the yen could help those interested in visiting Japan.
Japan
Flight (Roundtrip, Economy, 1 Passenger, New York to Tokyo): $4,497.33 Average Expenses Drinks & Dining: $60.21 Groceries: $24.08 Local Transit: $6.52 Recreation: $31.76 Shopping: $273.10 Accommodation: $139.70 #7: MEXICO (+0.6%) Topping the list of most affordable countries, Mexico offers great value for money on many fronts. Among the least expensive for flights, dinners and drinks, the slight 0.6% increase in value for the U.S. dollar is partially due to uncertainty over NAFTA.
Mexico
Flight (Roundtrip, Economy, 1 Passenger, New York to Mexico): $455.40 Average Expenses Drinks & Dining: $42.19 Groceries: $10.61 Local Transit: $1.69 Recreation: $7.57 Shopping: $302.96 Accommodation: $143.12 While the countries on this list have become more affordable over the past year, they’re by no means the cheapest destinations overall. For instance, some Western European countries (with a greater increase in value for the dollar) still cost more to visit than others such as China, Czechia (formerly known as the Czech Republic), Poland and Venezuela. However, for those with specific destinations on their bucket lists, this may be the moment to seize the increase in value!
Source: Forbes
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