How To Figure Out The Best Places To Travel On A Weak Dollar

• 14 years ago

Much has changed since I originally wrote the best the places to travel on a weak dollar and the subsequent 7 up and coming best places to travel on a weak dollar. (Iceland can now be taken off the list, like I predicted, prices are making a steady increase now 18 months later.) You can still find relatively good deals in any country you travel to, but if you want to find your own best places to travel on a weak dollar, here’s how you can create a personal list for yourself.

Make A List Of Where You Want To Go (Don’t Omit)

Start by creating a list of the places you want to travel and don’t leave off any place just because you “know” it’s expensive. Once you have this list you can group it into regions, in order of personal preference, or any other categories. You may begin to notice similarities in the cultures and places you’ve chosen, or the reasons you chose them (i.e. wonderful beaches).

Look On The Borders

As soon as a countries economies turn their focus on tourism and the industry takes off, so do the prices. It’s one of the reasons that independent budget travel to Cuba and other popular destinations is so expensive according to Lauren Quinn. One good way to get around this is to look right across the border of the expensive places you want to visit. Thailand is a good deal, but Cambodia is better. The Mediterranean coast of Northern Cyprus is just as lovely as the Turkish one but about a quarter of the price.

• Borders don’t cut off cultures, peoples, regional foods and traditions. Also, if you book your hotel, hostel, or other accommodations near the border you can see both the ‘expensive’ country and the cheaper one you elected to visit. It will cost less and you’ll add variety and get to make a few cultural comparisons in the process.

Remember though when looking for cheap places to travel, when a country or area’s neighbors start to get expensive it’s one of the warning signs of losing that cheap destination.

Use The Right Tools

There are some great digital tools you can use to see how one currency is holding up against another.

• My favorite is the Economist’s Foreign Exchange Map which shows in a nice graphic interface how any two currencies are moving against each other and at what rate.
• The Currency iPhone app (which also works on the iPod touch) gives you real time updates on current exchange rates you can use for last minute trip plans.
• Google makes converting currencies very easy and Google hacking your next trip is a good skill to learn.
• The news. It’s not a very sexy or automated, but you can gather a lot of information and get a good idea of where economies are headed by monitoring local and regional stability and economic trends.

Leave Your Comfort Zone

It’s easy to set your focus on one single destination and the longer you do the more complacent you might be on considering other places where your dollar (or other currency for that matter) might go a bit further. At this stage you may consider canceling your trip if the economy (or dollar) takes a turn for the worse. Instead take a look at 8 places in the world you should visit but might be scared to or use these methods to figure out where to go.

I’d still suggest these destinations that are good deals and less crowded than their neighbors.

• Nicaragua
• Cambodia
• The Turkish Republic of Northern Cyprus
• India
• Indonesia
• Micronesia
• Nepal
• Zambia

Especially in the case of the dollar, which is doesn’t go to far in the Eurozone or the UK, there are always many other countries with much weaker currencies. The best part is that they don’t tend to be too far (or different) from the more expensive options.

[photos by: shyb, nathangibbs, Jeff_Werner]