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When planning a vacation, there are a lot of factors to consider, including finding a cheap place to travel, the safety of your destination, and hotel options. But whether we like it or not, there’s one thing that influences our travel decisions more than anything else: money. Resort fees, plane tickets, and life-changing meals all add up quickly. So, at the end of the day, we want to prioritize places where our money has the most purchasing power.
We’ve done a little research to see which countries have the best value for the US Dollar, based on current exchange rates. The global economy is unstable, so exchange rates can change at any time, but certain countries have consistently offered better prices over the years, and with any luck, should continue to do so through 2024.
So without further ado, here are 21 of the best places to travel cheaply around the world.
Budapest, Hungary
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Hungary
1 USD = 351.21 HUF
Hungary’s thriving economy is good news for anyone planning a trip to Budapest, home to Michelin-starred restaurants and high-tech spas from around the world. Budapest just celebrated its 150th anniversary in November 2023, meaning next year there will be even more reasons to visit, including the newly reopened Széchenyi Chain Bridge and the brand new Hungarian House of Music. Be sure to book a room at the W Budapest, a former palace and art deco hotel that opened in July 2023 across from the Hungarian State Opera and is set on a UNESCO-listed street in the city.
South Korea
1 US Dollar = 1,301.45 South Korean Won
While other travellers head to popular destinations like Seoul, Busan and Jeju Island, we turn our attention to another South Korean city: Mokpo, in the Jeolla region at the southern tip of the peninsula. This port city is one of the most interesting dining destinations in South Korea, with specialities such as hongeo (a wild-fermented, extremely smelly skate dish) attracting gourmets from all over the world.
Mexico
1 US Dollar = 17.22 Mexican Pesos
