Thursday, November 11, 2010

Eight countries where the dollar goes further

Many people think that they can't afford to go on a vacation to places like Europe, but they can afford to go to Hungary where the dollar goes the furthest. Hungarian currency has a 9.2 drop against the dollar. They have low prices and a generally low cost of living, making it affordable to visit. People could also consider visiting Argentina and Mexico.

STA Travel looked at 35 countries tracked by The Economist's Big Mac Index to create their list. They ranked the countries in 3 affordability categories: performance, local currency movement against the dollar, and cost-of-living. The categories are linked to one another. If currency is weak, the relative costs lower. The survey should be seen as a set of suggestions for people looking to stay on the beaten path. The survey doesn't factor in transportation, it simply addresses how far you dollar goes once you arrive. They advise not to expect all the countries to stay cheap for long.

Rebbeca Powers, a principal global consultant at Mercer, said that the economy is changing globally and that you'll start to see Hungary's cost of living go up than see Western Europe's go down.

http://www.msnbc.msn.com/id/39951802/ns/travel-travel_tips/

I think that it is great that people are researching the cost of vacations in other places than the United States. It is good to know that you can go to a less expensive country and still experience the culture and style of the country. A lot of people in America are always working and working to try and afford a vacation and thinking that they will never be able to. It is good to see that vacation can still be affordable to those that work all the time. It is true that our economy is changing and when you think about it, if Hungary is an affordable place to visit now and won't be later on and Europe will be affordable later, you can still go and visit Europe and experience their culture and lifestyle, you will just have to wait a little bit to travel there.

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