Aussie dollar continues to dazzle
Expedia, in conjunction with foreign exchange specialist HiFX, has released its latest Expedia® HiFX Foreign Exchange Index.
According to the index, Asia is currently the best value-for-money region in the world for Australian travellers, with three out of the top 10 best value destinations being in Asia.
Vietnam is currently the best-value destination for Aussie travellers, with the Australian Dollar appreciating by over 23% against the Vietnamese Dong in the past 12 months.
Samoa and Argentina rounded out the top three, with the Australian Dollar appreciating by just over 19% against the Samoan Tala and almost 18% against the Argentinean Peso.
The twice-yearly index analyses currency fluctuations against the Australian Dollar to find the top 10 best-value destinations for Aussie travellers.
The previous Expedia HiFX Foreign Exchange Index update in September 2010 was dominated by European nations, featuring seven out of the top 10 destinations offering the best value against the Australian Dollar.
The latest index has revealed a new breed of value-for-money destinations, including Hong Kong (+13%), the UAE (+12%), India (+11%) and Peru (+11%), which all made the list for the very first time.
Although the Australian Dollar continues to perform well against the greenback, the USA ranked only as the sixth best value destination for Aussie travellers.
Despite not making the top 10 list, both the Eurozone countries and the United Kingdom still provide good value for money, with the Aussie Dollar appreciating close to 7% against the Euro and just over 5% against the British Pound in comparison with 12 months ago.
Ian Jarrett
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