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| *Travel Tips>>>General - Africa & Middle East Travel Tips |
In which country is American money worth the most to travelers? |
Travel Info In which country is American money worth the most to travelers? Travel Tips If we would base it on the Big Mac Index: The Big Mac PPP is the exchange rate that would leave a burger in any country costing the same as in America. The Purchasing Power Parity Index helps economists determine how far off the exchange rate is between countries, in terms of citizens' ability to purchase the same basket of goods and services. In the long run, a basket of goods and services should cost the same in all countries -other things being equal. Economists call this "the law of one price." But of course, the reality is quite different, due to restrictions on trade, import duties and taxes. Right now, for example, it costs 2.94 euros to buy a Big Mac in Europe. That's $3.77 in U.S. dollars, which means that the euro is approximately 25% overvalued against the U.S. dollar! In Britain, the price is approximately 1.94 pounds, but in U.S. dollars, it comes to $3.65. But in other countries, the Big Mac Index demonstrates that the U.S. dollar is overvalued, especially in Latin America and China. In China, for example, a Big Mac costs 10.5 yuan. In U.S. dollars, this amounts to $1.31, the cheapest place to get a Big Mac in the world! (Russia, by the way, is second, at $1.77). No wonder there's pressure for China to revalue its currency upward. Source(s): Answer: China! Other Travel Tips If you're travelling on a tight budget, Egypt is terrific. How does spending less than $15 per day on food and lodging sound? In downtown Cairo, no less! By my experience, two countries where the US$ will fetch the most for a tourist are: 1: Cambodia. 2: Sri Lanka. There are many other countries around the world where the US$ will fetch a high exchange rate for the local currencies but these might not be always safe to travel due to terrorism, civil wars, natural disasters or diseases. travel writer I doubt that this would be called a country, but when I was in Fiji in 2004 it was 2 of their dollars for one of ours. It is a beautiful place with no snakes. The mongoose took of them. Lovely beaches, wonderful people also. It was a British Crown Colony so every one speaks English, drive on the left hand side of the road. Welcome you with "Bula" every time they see you. Raymond Burr of "Ironside" and "Perry Mason" TV fame lived there until he died. His gardens are a sight to behold. and breath taking. Soft warm breezes during the days and lovely nights, A very romantic place to visit. They have many native things to buy and the prices are low. I say choose Fiji. I have been there plus several other places. |
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