Sabse bada rupaiyya: Six countries you should visit to take advantage of strong rupee
1 year depreciation- 52 percent In November last year, in a fell swoop, Egypt depreciated its currency by a massive 48 percent in order to be eligible to obtain an IMF bailout. That means you can go visit the country’s famed pyramids and other ancient monuments for that much cheaper.
TURKEY: 1 year depreciation- 22 percent The currency has been troubled over the past one year, having witnessed a failed military coup, a series of terrorist attacks and bombings and a crackdown by an increasingly authoritarian president. But it remains by and large safe for tourists, while maintaining all its ancient glory and melting-pot culture that makes it a must-visit for everyone.
MALAYSIA: 1 year depreciation-9.9 percent The Malaysian ringgit has been under pressure due to slump in oil & gas prices in recent years. Currently, the exchange rate is Rs 14 for a ringgit as against Rs 17 a year back. If tourists are looking for an affordable shopping destination, they can pack their bags for a trip to the Kuala Lumpur market.
CHINA: 1-year depreciation- 6 percent. The slowdown in the Chinese economy coupled with noises of a trade war with the US means the yuan, which is pegged to the dollar, has been under increasing pressure. You could make use of the fall in the currency to realise your dream of hiking on the great wall or visiting the Forbidden City.
PHILIPPINES: 1-year depreciation- 8 percent. Geopolitical reasons in Europe are making the Philippines peso weak. It fell to its lowest in more than a decade on February 20, 2017. With an exchange rate at Rs 1.3 for a peso, tourists can explore many of its 7,100 beautiful islands.
SRI LANKA: 1-year depreciation- 5 percent. Love thy neighbour and also visit thy neighbouring countries, especially when a rupee gets you 2.3 Sri Lankan rupees. Dollar demand from importers and no sales in the market has weakened the Sri Lankan rupee.