Go Back  Fodor's Travel Talk Forums > Destinations > Europe
Reload this Page >

Are there countries (anywhere in the world) whose currencies are tied to the US $ so that the devaluation of the dollar won't affect travel?

Are there countries (anywhere in the world) whose currencies are tied to the US $ so that the devaluation of the dollar won't affect travel?

Mar 7th, 2008, 01:10 PM
  #21  
 
Join Date: Aug 2007
Posts: 24,826
Most people agree that SE Asia is realtively inexpensive to travel to. I've been to Vietnam, and I'd agree. And, a number of those currencies are pegged to the dollar, but many aren't. Correct?

But this is because you are falling into the trap of thinking that it is only fx rates making things expensive. Much of Europe would be expensive, even if the dollar rose back to the levels seen in 2001. Similarly, places like SE Asia are so cheap that even with a doubling in the value of their currency, things would still be relatively cheap. I just don't see the point in worrying about the dollar. Either the country is cheap or not, and a swing in the fx rate is not going to suddenly make one place cheap and another expensive.
travelgourmet is offline  
Mar 7th, 2008, 01:13 PM
  #22  
 
Join Date: Jun 2003
Posts: 12,188
For most people, the factor that makes a trip affordable or not is being employed at a sufficient salary (and/or having sufficient other sources of income). That's more significant than what the exchange rate is.
WillTravel is offline  
Mar 7th, 2008, 01:13 PM
  #23  
 
Join Date: Jun 2003
Posts: 21,612
I use euros in Southeast Asia -- they go a lot farther than dollars.

The Saudi riyal has been pegged at 3.75 to the dollar for almost 30 years. Oh, too bad, they don't like to give tourist visas....
kerouac is offline  
Mar 7th, 2008, 01:21 PM
  #24  
 
Join Date: Jan 2003
Posts: 16,067

Yep, Ecuador and Cambodia both use USD. No exchange needed. Cambodia does have a currency called riel, but for all purposes, uses it for loose change under a dollar. ATMs, few that there are, dispense USD.

We're prepping for Nicaragua and finding that most everything of any significant cost seems to be already priced in USD as well although they have cordobas as the local currency.
Clifton is offline  
Mar 7th, 2008, 01:23 PM
  #25  
 
Join Date: Aug 2007
Posts: 24,826
Cambodia does have a currency called riel, but for all purposes, uses it for loose change under a dollar.

Even the beggars look disappointed if you give them the local currency in Cambodia.
travelgourmet is offline  
Mar 7th, 2008, 01:30 PM
  #26  
 
Join Date: Jan 2003
Posts: 16,067

True. And most of the time it's hard to tell if it used to look like something other than plain grey paper.
Clifton is offline  
Related Topics
Thread
Original Poster
Forum
Replies
Last Post
dunnbv
Europe
39
Jan 12th, 2008 12:53 PM
mikelg
Europe
201
Jun 26th, 2005 12:27 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy -

FODOR'S VIDEO

All times are GMT -8. The time now is 10:33 PM.