A stronger dollar means it is more affordable for American tourists to travel abroad. According to the American newspaper FinanceBuzz, Vietnam belongs to the group of 10 favorable countries that Americans should visit right now.
When spending money abroad, visitors must exchange their own currency into the currency of the destination country. All currencies are quoted in pairs. For example, 1 euro is currently valued at 22,789 VND, which means that Vietnamese tourists who want to buy to Europe must have 1 euro as much Vietnamese currency. However, 1 year ago to buy 1 euro you had to spend about 27,000 VND. Therefore, if you travel in Spain and buy ice cream in Barcelona for 1 euro with the same quality as a year ago, but “save” 5,000 VND.
The destination in Vietnam is considered suitable for all types of visitors from high end to affordable
Likewise, a stronger USD means that Vietnamese tourists going to the US are more expensive, but on the contrary, US tourists to Vietnam spend 1 USD cheaper because you can buy more before. These are the countries that American tourists can travel to during this time to “rescue.”
“Vietnam is known for its great cuisine, deep culture, beautiful landscapes and mild climate. Therefore, Vietnam is always visited by tourists from all over the world, including those young people and retirees. The country is also known for its low crime rate and peaceful life,” the paper said. The currency of Vietnam is the dong and it takes 24,290 dong to buy 1 USD.
With everything from 5-star hotels to economy class accommodations, traveling in Vietnam caters to all different budget travelers. The cuisine of this destination is also famously tasty and cheap. That is why FinanceBuzz advises American tourists to travel to Vietnam.
The strengthening of the USD and the weakening of the euro are also helping US tourists to travel more smoothly to Europe. The three European destinations on the list are Portugal, Spain and Hungary. Portugal has a low cost of living and basic goods are cheaper than in the US. And Hungary, which has many beautiful landscapes and its capital Budapest is one of the most beautiful cities in Europe, has lower food and hotel prices than Northern and Western European countries. That is also the reason for American tourists to come to these countries.
The other countries on the list are Tunisia, Peru, South Africa, Mexico, Egypt and Bangladesh.
Ho Chi Minh City is a dynamic destination with many entertainment options and cheaper costs than other cities in the region.
Meanwhile, according to Fortune, the top destinations for American tourists are places where the USD appreciates against the local currency. According to US Customs and Border Protection (CBP) data, more Americans are coming to Canada, Mexico and Europe than in 2019 (before the epidemic). American tourists are also likely to head to Asia in greater numbers. In these areas, the USD is “more valuable” than the local currency compared to a year ago, so US tourists want to take advantage of that.
A stronger USD is predicted to lead to a boom in US tourists in many countries. According to Allianz Partners, travel from the US to Europe will increase by 600% this year from 2021. However, many experts warn that inflation in countries that drive up commodity prices also erodes some of the favorable exchange rate differential if you shop and eat there. In addition, travel costs increased compared to previous years, especially airfare and land transport.
@ Thanh Nien
