If you're about to travel but you're confused about the best places to visit, while making the most out of your money, you should skip the travel guidebooks and start reading financial news. It hasn't been the best summer for the financial world and some countries may have struggled to recover. In June, Greece announced the financial collapse that might happen to their economy. Their position in the eurozone was also in peril. Their banks closed for weeks and as they reopened, they were in strict cash withdrawal.
Just last week, China also went through financial instabilities. Their stock market went downward and that made a ripple effect on stock markets worldwide. Although China's economy hasn't reached the bottom yet, several nations have been experiencing depreciation in their currencies.
These currency changes have a big impact on tourism. In other words, if exchange rates go in favor of USD, travelers should start packing and take advantage of the currency exchange.
To maximize your budget, here are some of the countries you want want to consider visiting.
Japan
A night spent at the new Andaz Tokyo Toranomon may have been priced for $483 in October but now it's down to $200. It is a very good deal knowing that the place offers spectacular views of the city. Flights from LA are also currently costing around $700.
Russia
Russia's economy is affected by global oil prices, and its currency fluctuates together with the worldwide oil prices. Looking at the flight costs to St. Petersburg from NY, prices are as low as $500 and a night at Ritz-Carlton Moscow was just $300 online.
Australia
Earlier this week, 1 AUD became equal to 70c US. The One & Only Hayman Island Resort which is a private island in the Whitsundays may have been around $2000AUD / night before, but with the economic drop, it can go down to around $1,369 USD.
