If you look at which countries monetary denomination is trading the lowest against the dollar - i.e. a place whose economy is doing a lot worse than ours (yes there are some, even now). Europe’s monetary value has been slipping as has Mexico’s and many other destination countries. Because the U.S. was one of the first countries to experience what is now a global recession, we are likely going to come out of it faster, or at least adjust to the new economic reality more quickly than other countries who are just now coming to terms with it. That means we should enjoy a nice period of time where our money is worth more than many other countries denominations.
So if you want a cheap vacation, start looking at exchange rate trends, pop on CNBC, MSNBC or CNN Money once in awhile and see what Lou Dobbs and the boys are saying is going on. Increasing your global awareness will make you a more savvy travel shopper and help you plan further ahead when you see what places are on the downturn as we come out of this darn recession. Life, money and business are all cyclical entities – we are always either on our way up or on our way down. And while we move in one direction, other places in the world move in their own direction, either for their own reasons or often times as a result of things that occurred here in the states.
Whether it is a budget family vacation or a solo adventure you have in mind, you’ll get a lot more value for your dollars when you plan this way rather than just try to comb the papers and the web for prices to get low to places you want to go. If you can learn to see what kinds of things actually create an atmosphere that leads to lower prices to one destination or the next, then you can almost learn to see the future in travel pricing trends and you can know that next Christmas you will likely see some great deals on hotels and flights to go skiing in the Austrian Alps. Or if you prefer laying out on the beach or surfing, you might notice that Nicaragua’s economy is a lot less powerful than ours and you may want to look there or if you are really bold, to Venezuela as a possibility for next winter’s escape.
Head for the Best Exchange Rate & You’ll Find the Best Deals
Previous post: Visit Europe for Less
Next post: North Dakota on the Cheap
