The next time you see a cheap plane ticket to Iceland and are about to pull the trigger, you might want to think twice.
Once you get to Iceland, your costs won’t be so low. In fact, a recent RewardExpert report revealed the U.S. dollar has lost 19.6 percent of its value there over the last year.
Don’t despair, though; there are plenty of places to travel this summer.
RewardExpert rounded up summer travel destinations where the dollar has grown stronger over the past year — and some generally inexpensive ones — to help you decide where to go.
5 travel destinations where the dollar is growing stronger
To be clear, these destinations aren’t necessarily where the dollar is strongest — they’re where the dollar has gained value over the past year.
So, although they might not be the cheapest destinations, they’re getting cheaper for Americans thanks to currency fluctuations.
To help you get an idea of each country’s costs, we used data from the crowdsourced site Budget Your Trip. The expenses are based on a midrange traveler, so you’ll likely spend less as a budget traveler or more as a luxury traveler.
Here are five hot travel destinations where the dollar is getting stronger.
This South American country is home to steak, wine, and tango. In the past year, the U.S. dollar has grown 13.5 percent more valuable there.
Although flights to Argentina are expensive, the average cost of traveling there is fabulous: $22 per day. Go with your partner for a week, and that’s only $313.
It hasn’t been a great year for our friends across the pond. After the announcement of Brexit, the British pound took a dive, losing 12.1 percent of its value compared to the U.S. dollar.
That’s not to say it’s cheap, however. A midrange traveler can expect to spend $145 per day; for a couple for a week, that’s $2,031.
Fancy visiting the Great Wall? Or trying authentic sesame chicken? (I hate to disappoint you, but it doesn’t exist.) Then you might want to head to China, where the U.S. dollar has grown 5.2 percent in value over the past year.
Plus, once you pay for the flight (airline miles FTW), you’ll find traveling in China is on the affordable side. It costs approximately $77 per day — or $1,078 for a couple for one week.
There’s no better time to visit Sweden than summer, when it gets an insane 19 hours of sunlight per day, according to Sweden’s official website. And this year, it might not destroy your budget, as the U.S. dollar has become 4.6 percent more valuable there over the past year.
Unfortunately, the daily cost of travel is double that of China and six times that of Argentina: $139 per day. That’s $1,953 for a week with your boo.
This might be the year to go to Canada. Not only are all its national parks free (yippee), but our dollar has gained 3 percent there.
Once you’re there, the average cost is $122 per day — or $1,713 for two for a week. But keep in mind you won’t have to pay much for airfare (you might even be able to drive) and could cut expenses by camping.
2 travel destinations that are cheap anyway
Although the above destinations are where the dollar is growing stronger, many travel destinations are affordable regardless of what our currency has done over the past year.
According to RewardExpert, here are two of the cheapest.
Tacos. Tacos. Tacos. That’s really all I need to write about Mexico.
But I’ll also mention that although the dollar has gained only 0.6 percent on the Mexican peso over the past year, travel to our southern neighbor is still darn affordable.
Not only can you find cheap flights, but the cost of traveling there is only $52 per day — or $722 for a couple for a week. And having lived in Mexico, I can say even that estimate seems a little steep.
You might never have considered vacationing in Poland, but it’s surprisingly beautiful: old cities, big castles, mountains, and the like. In other words? European goodness without European prices.
The dollar has declined by 4.8 percent there, but exploring will set you back only $62 per day if you’re traveling solo and $869 per week if you’re with your bestie.
Ready to get going? Hopefully this post made it clear — especially if you’re traveling with student loans — that you should check currency fluctuations before booking a flight.
*All costs per day and costs per week are based on data from Budget Your Trip and accurate as of Aug. 7, 2017.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Rates (APR)||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!|
|2.75% - 7.24%||Undergrad & Graduate||Visit SoFi|
|2.57% - 6.39%||Undergrad & Graduate||Visit Earnest|
|2.57% - 7.12%||Undergrad & Graduate||Visit CommonBond|
|2.99% - 6.99%||Undergrad & Graduate||Visit Laurel Road|
|2.58% - 7.26%||Undergrad & Graduate||Visit Lendkey|
|2.89% - 8.33%||Undergrad & Graduate||Visit Citizens|
Student Loan Hero Advertiser Disclosure
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.