Tag Archives: Worst performing currencies 2016

Travel to these countries with cheap currencies

Where should I go next? Argentina, Mexico and Turkey are all countries with cheap currencies that are great to travel to.

Countries with Cheap Currencies, Mexico. Photo by I threw a guitar at him (Flickr)
Countries with Cheap Currencies, Mexico. Photo by I threw a guitar at him (Flickr)

It was bound to happen, a digital nomad blogger with an economics background can’t resist posting about countries with cheap currencies to travel to. But with so many travel options, maybe this list will help you narrow down your search.

Travel advisory Venezuela

Topping the list is the Venezuelan Bolivar, which has plummeted by 56% against the US dollar since the start of the year. But you may want to skip this country for now. The latest U.S. Department of State Travel Warning (as of July, 2016) warns that “Country-wide shortages of food, water, medicine, electricity, and other basic goods have led to violence and looting.” Maybe a good destination then for a crash diet?

Mexican Peso vs Trump

Perhaps it is best then to consider those countries without travel advisories. And in the case of Mexico there is no violent political unrest to blame for their currency collapse. Rather, the depreciation has been because of investor fears about trade under the Trump presidency. Ideal conditions then for a visit to the beaches of Playa Del Carmen or a city break in Mexico City. You could buy many a Trump piñata with the weak Peso.

Buenos Aires, Istanbul and Antalya have all featured before as one of Nomadic You’s best budget destinations. Now could be just the time to try one of these 3 cities.  Here you go then, the Top 25 Worst performing currencies so far in 2016:

Worst Performing Currencies 2016 $1= 1/01/2016 $1= 6/12/2016 % Move
1 VenezuelanBolivar 6.35 9.95 -56.70%
2 Argentine Peso 12.93 15.85 -22.65%
3 Mexican Peso 17.20 20.42 -18.69%
4 Turkish Lira 2.92 3.44 -18.07%
5 British Pound 0.68 0.79 -15.93%
6 Swedish Krona 8.46 9.13 -7.96%
7 Iranian Rial 30303.03 32123.38 -6.01%
8 Chinese Yuan 6.51 6.88 -5.58%
9 Nepalese Rupee 103.10 108.67 -5.41%
10 Polish Zloty 3.95 4.16 -5.39%
11 Philippine Peso 47.05 49.55 -5.30%
12 Trinidadian Dollar 6.42 6.73 -4.79%
13 Libyan Dinar 1.37 1.42 -4.38%
14 Malaysian Ringgit 4.30 4.45 -3.38%
15 Sri Lankan Rupee 144.62 148.82 -2.90%
16 Indian Rupee 66.24 67.68 -2.18%
17 Bulgarian Lev 1.80 1.82 -1.23%
18 Czech Koruna 24.89 25.19 -1.18%
19 Latvian Lat 0.65 0.65 -1.14%
20 Euro 0.92 0.93 -1.14%
21 Lithuanian Litas 3.18 3.22 -1.14%
22 Danish Krone 6.87 6.93 -0.82%
23 Hungarian Forint 289.88 292.03 -0.74%
24 Swiss Franc 1.00 1.01 -0.73%
25 RomanianNewLeu 4.17 4.19 -0.56%

@NomadicYou Which of the countries with cheap currencies would you love to travel to? Venezuela, Turkey, Argentina or Mexico?