Why do countries not all use currencies

Anyone who has observed the euro exchange rate over the past few years has found that the euro crisis has made itself felt for a long time and quite clearly in our currency - and thus also in our holiday budget. Compared to 2011, where we only had to pay € 0.67 for $ 1, the euro was almost one-to-one against the US dollar in 2017. This one Currency loss But it is not only felt by holidaymakers who travel to the USA. Many countries around the world settle in dollars, and some international currencies have also gained strength. While six years ago we were still favored with currency delicacies, traveling abroad has become a lot more expensive for us Germans today. But the good news: it doesn't affect all countries. There is still a good selection of destinations where the euro continues to enjoy a good exchange rate. Do you want a vacation despite a small budget? I will show you in which countries the euro is most valuable and where holidays are more expensive for you.

Where is the euro worth the most?

Exotic dream destinations | North America

Eurasia

Scandinavia | European neighbors

Distant dream destinations within reach

You always thought that South Africa, South America and Co. were too far, too expensive and not at all financially feasible for your budget? I thought wrong! In fact, the long journey is often worthwhile, because you get a lot on offer for little money. You can read where that works here.

South America - vacationers benefit from currency lows

South America is becoming increasingly popular as a vacation destination. After all, Brazil gave us a wonderful 2014 World Cup and the world-famous games in 2016, and the long journey is still worth it today, because a vacation in some South American countries is cheaper than ever. The euro is currently particularly strong compared to the Brazilian real and the Argentine peso. With one exception in 2017, the Brazilian real unstoppable for years in decline. If you only got 22 reals changed for € 10 in 2011, they are already available today 43 real for your 10 €.

The euro in comparison:

1€ corresponds to:

  • 4,35 Brazilian real
  • 31,77 Argentine peso
  • 35,27 Uruguayan peso
  • 745,81 Chilean peso
  • 3,79 Peruvian sol
  • 3.363,49 Colombian peso

The purchasing power in Brazil, especially on the beautiful Samba beaches, is very good anyway, in most cities you can get excellent food, delicious ice-cold caipirinhas and great accommodations for a few euros. Rio de Janeiro is comparatively expensive, but if you save in one place, you have more left for the next, right? Because you definitely shouldn't miss this lively city!

But also the Argentina's currency curve is falling continues to decrease, so that the euro is steadily gaining in value in comparison. In 2014 you got 110 Argentine Pesos for € 10 on a trip to Buenos Aires, whereas today you get over 310 ARSmore than double receive. Have you always wanted to go to the land of tango, steak and football? Then take the chance now!

South Africa - dream vacation for little money

One person's joy is another's sorrow. For years, the South African currency, the rand, has been losing value compared to the euro. Since the currencies of many emerging countries fell, South Africa has stood out as a Bargain paradise it turns out that we Europeans in particular benefit from this. A few years ago you only got 87 South African rand for your € 10, today it is whole 154 margin. In addition, South Africa is generally a very inexpensive country where you can get food, drink, excursions, souvenirs, etc. for just a few euros. But South Africa is not just an inexpensive travel destination, the beautiful state at the southern tip of Africa impresses its tourists with spectacular flora and fauna, authentic culture, brilliant service and open, warm people.

India - a colorful country for a small budget

As a holiday destination, still traded as an insider tip, heard India now definitely one of the countries in which the Most worth euros is. For many years the Indian rupee has performed rather weakly against the euro. In 2010 they exchanged 10 € for 555 rupees, today it's already 795 rupees. India has been struggling with economic problems and a lack of investment from foreign investors for years. The government and central bank are continuously trying to stop the rupee from falling, including with capital controls - but so far with very little success. India is a cheap country to travel to anyway. Cost of living and accommodation are extremely cheap, depending on your needs. For little money you get first class service and a country offered that could hardly be more colorful and diverse.

Shopping vacation in North America

Especially the United States have always been a popular travel destination in the past where you thought twice about what to pack in your suitcase. Because just a few years ago you could do incredible with a strong euro Shopping bargains bring with you from vacation. Between 2013 and 2014, an empty suitcase was really worth it, because at a rate of € 1 to around $ 1.35, branded clothing and electrical products were suddenly much cheaper than in Germany.

In 2015, the euro fell almost one to one to the dollar value

But in 2015 the value of the euro sank rapidly, so that in an almost one-to-one comparison there were no more bargains in sight. Although the situation has recovered a bit, you still get only € 10 today$ 11.60. So if you want to go on a road trip through beautiful California or discover the permanent trendy city of New York, you should calculate well what expenses the budget allows.

The developments in the Canadian dollar, on the other hand, are not quite as volatile. But here, too, the value of the euro in 2017 was at its lowest point. If you want to discover Vancouver, Québec and the picturesque nature in Canada today, you can get around 10 € 15 Canadian dollars.

Cheap destinations in Eurasia

Russia and Turkey are partly in Europe and partly in Asia. Both countries have a rich culture that you should definitely get to know. Is it also financially worthwhile?

Russia - polarizing holiday destination cheaper than ever

travel to Russia is cheaper than it has been for decades. Continuously, but most noticeably since the beginning of 2014, the Russian ruble fell to a record low. The main reason for the crisis was the falling oil price, which severely weakened Russia's markets. The foreign policy maneuvers of the Kremlin in Ukraine and the subsequent Western sanctions fueled the situation. The situation around the ruble has calmed down somewhat in the meantime, but it has been weaker again since 2017. So why not take a vacation now in terms of area largest country plan on earth? Even ten years ago, traveling to Russia was very cheap, but for € 10 you only got 345 Russian rubles exchanged. Today you already get 750 rubles.

The cost of living in Russia varies greatly depending on where you are going. Despite the sharp fall in the ruble, Moscow is still one of the most expensive cities in the world. In smaller towns, not to mention more rural areas, the Prices very cheap. Russia is an absolute no-go for many holidaymakers. Nevertheless, the so-called “Putin country” still offers a lot more than harshly criticized politics. Architectural highlights, interesting culture and tradition as well as nature that is part of the most beautiful in the world belongs. Leave the prejudices behind, grab your small wallet and convince yourself of the fascination of Russia.

Turkey - dream vacation for the small vacation budget

Whether Istanbul, the Turkish Riviera or the famous Aegean region - Turkey is one popular holiday destination. Of course, the country has a lot to offer - great beaches, good nightlife, extensive shopping opportunities - but a trip to Turkey is also very good for our wallets.

Food, drink and accommodation are very cheap in Turkey.

For many years, the Turkish lira has been pretty weak against the euro - our luck. It just came back to another record low. In 2006 you only got 15 Turkish Lira for € 10, today you can exchange € 10 for a whopping 61 Lira. In addition, Turkey is very inexpensive in terms of food, drink and accommodation anyway.

Affordable Scandinavia?

A holiday in the Scandinavian countries usually requires a very high travel budget. For example, due to high taxes on food and accommodation, Norway, Sweden and Co. are generally very expensive vacation countries. BUT: Due to the current currency trend, a trip to Scandinavia is much cheaper. The swedish krona going down has been falling steadily against the euro since 2013. In Norway, too, the course is in a fluctuating decline. One reason for this: the very cheap oil price. A few years ago you got almost 70 Norwegian kroner for 10 €, today you get 95 kroner for it. Only Denmark's currency is very stable and almost in comparison with the euro constant.

The euro in comparison:

1€ corresponds to

  • 9,52 Norwegian crowns
  • 10,37 Swedish crowns
  • 7,45 Danish crones

However, Scandinavia is still expensive compared to many other European countries. In Norway, for example, you can get a cinema ticket for an average of € 11, a “cheap” main course starts at € 13.50. Especially beer and Co. are in Scandinavia compared to Germany significantly more expensive - they are more than double the price. Nevertheless, it is worth taking a vacation in Scandinavia, because it doesn't get cheaper at first. If you want to rank the three countries in terms of costs, Denmark is certainly the cheapest, followed by Sweden and as Norway brings up the rearwhich remains the most expensive of the three countries.

European neighboring countries

Although the euro is a common currency in Europe, some countries have made a conscious decision against it and have stuck to their own currency. Including the Scandinavian countries Denmark, Sweden and Norway, which I have already presented to you in a currency comparison. Some of our neighboring countries in particular are still successfully using their own means of payment.

Inexpensive city trip to the Czech Republic

Our Czech neighbors are known as a particularly inexpensive country. Many travel to for a weekend Pragueto treat yourself to an inexpensive short vacation. Nothing changed about that. A visit to a restaurant is still up to 80% cheaper than in this country. But shopping, refueling or a visit to the hairdresser are also unbeatably cheap compared to Germany. The euro has become weaker, but it is very insignificant. So for your 1 € you get about 25 Czech crowns. So, treat yourself to a cheap break in Prague, stroll through the quaint alleys and enjoy the delicious food.

Relaxation for the wallet in Poland

Our Polish neighbor has a reputation similar to that of the Czech Republic. Rent, groceries and many other living expenses are comparative attractively priced, so that a vacation in Poland should be affordable for you. Above all, many beautiful cities are not far across the border: If you live in eastern Germany, you can be in Wroclaw, Stettin or in places on the Polish Baltic Sea in no time and can discover the lively culture of the cities and towns for little money. In the last four years, the euro-zloty comparison has fluctuated relatively strongly, so that no clear rise or fall is really discernible. You can definitely go on a cheap holiday in Poland. For comparison: in 2014 you got around 40 złoty for € 10, today it is 42 zloty.

Not so cheap Switzerland

Unlike a vacation in Poland or the Czech Republic, your Trip to Switzerland a wider budget. The country has a much higher cost of living, which is not particularly noticeable for the Swiss, as their wages are correspondingly higher. But you have to pay for your accommodation, dining out and other expensesPlan significantly more money. Nevertheless, the euro has also gotten a little stronger in comparison. In 2015 the rate was even one to one, while today you convert for € 10 11.50 Swiss Francs gets.

Guru tip: A holiday in Switzerland can be worthwhile despite the local costs, because direct flights to Zurich are available for well under € 100, so you have more money left for accommodation and culinary highlights.

Brexit consequences in the UK

Although the residents are not our direct neighbors, only the English Channel separates us from the United Kingdom, which is part of the Brexit wants to leave the EU by 2019. But what did the election in 2017 and the resulting consequences mean for the British currency and how does it look today?

In the event of a hard Brexit, the euro and the pound could be on a par.

The British pound has long been one of the strongest currencies in the world. Only four Middle Eastern countries have an even stronger currency. And yet the pound has weakened over the years in comparison with the euro. It is already believed that a hard Brexit could bring the euro and the pound to a one-to-one tie, which would be a bitter case for the British currency. Currently you get for € 10 about £ 9. Take the chance and discover the hip corners of London, the nature of the Highlands and the delicious beer in the pubs.

As you can see, the fluctuating exchange rates can also be seen positively and some alternative vacation destinations head for who accept the euro with a kiss. What are your experiences? In which country do you feel that you are getting more for your money? Please leave me a comment.

 

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