5 International Destinations to consider this Holiday Season due to Gain in Indian Currency

Planning to go overseas this New Year?

There are many international destinations which might excite you with the appreciation in Indian rupees in the past one year and you might consider going to any one of them.

Before looking at the destinations, let’s understand what do you mean by currency appreciation and depreciation?

Currency appreciation implies an increase in the value of home currency vis-a-vis other foreign currency.

The appreciation in value may be due to various reasons including interest rate change, government policy, business cycles etc.

On the other hand, currency depreciation is the loss of value of a country’s currency with respect to one or more foreign reference currencies.

Also Read:  Quick guide on basics of Currency Transactions

The following are the list of international destinations you can consider going due to gain in Indian currency-

1. Egypt

If you are a history buff, a place like Egypt might excite you.

Long known for its pyramids and ancient civilization, Egypt has a touch of both old and modern era. Giza’s colossal Pyramids and River Nile are the famous tourist attractions here.

In the last one year, INR has appreciated by 55.3% and currently, the exchange rate stands at 1 Egyptian Pound = Rs 3.8.

The cost of tour per person comes at around Rs 90000 for 6 night/7 days and it includes airfare, meals, accommodation, sightseeing, transfers and tour manager service.

The best time to travel Egypt is from October to April.

2. Argentina

This is a place for fun loving people and for those who love dance and music.

Argentina is a massive South American nation with terrain encompassing Andes mountains, glacial lakes, and Pampas grassland.

The country is very popular for music and its tango dance.

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INR has appreciated by 37.5% vis-a-vis Argentine Peso in the last one year and 1 Argentina Peso stands at Rs 4.3.

The cost of tour per person stands at Rs 80000 on a twin share basis but this is a land package and it excludes airfare.

The best time to visit Argentina is from December to March.

3. United Kingdom

The United Kingdom, comprising England, Scotland, Wales and Northern Ireland, is an island nation in north-western Europe.

This is a right place for people who love finance and culture and moreover UK is also home to centuries-old universities at Oxford and Cambridge.

The exchange rate of 1 pound currently stands at Rs 86.8 and it has appreciated by 13.5% in the last one year.

The tour cost of 5 night/6 days stands at Rs 1,25,000 which includes airfare, meals, accommodation, sightseeing, and transfers.

The best time to travel UK is from May to October.

4. Sri Lanka

If you are looking for a budget trip, Sri Lanka (an island nation in the Indian Ocean) can be very good option which offers a diverse landscape from rainforest to plains to beautiful beaches.

INR has appreciated by 1.3% in the last one year and currently, one Sri Lankan rupee stands at Rs 0.45. The tour cost per person stands at Rs 55000-60000 per person including airfare, accommodation, meals, sightseeing and transfers.

The temperature of Sri Lanka is pleasant throughout and hence can be visited at any time of the year.

5. Malaysia

Kuala Lumpur (capital of Malaysia) is a home to colonial buildings, busy shopping districts, and skyscrapers.

The iconic 451m tall Petronas Twin Tower is the main tourist attraction here.

The tour cost for 5 night/6 days in Malaysia stands at Rs 60000-65000 and 1 Malaysian Ringgit = Rs 15.2 (INR has appreciated by 3.3% in the past year).

The above cost includes Airfare, visa, accommodation, sightseeing, meals, transfers, insurance and tour manager service.

Moreover, you can also visit Malaysia at any time of the year.

Bottomline

All the above destinations offer different tastes from budget to landscape to distance from India.

So what are you waiting for?

Plan a trip to any of these locations of your choice and spend quality time with your loved ones this new year.

Happy holiday!!