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Good time to visit Russia and Norway because of currency crash ?

Good time to visit Russia and Norway because of currency crash ?

Dec 16th, 2014, 06:32 AM
  #1  
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Join Date: Feb 2012
Posts: 88
Good time to visit Russia and Norway because of currency crash ?

Folks,

Every cloud has a silver lining ! My stock portfolio has taken a beating due to the current oil crisis. But it has also sunk the Russian Ruble and the Norwegian Crown currencies against the dollar. I had wanted to visit these two countries along with my family.

Is next April a good time to visit assuming the dollar remains at these levels ?

Are there any other countries where the currency has fallen sharply against the dollar recently due to the oil crisis ?

Thanks.
golfdude is offline  
Dec 16th, 2014, 07:15 AM
  #2  
 
Join Date: Jul 2006
Posts: 16,737
Norway is very expensive even after the fall. Russia could be anywhere by then.

I'd look at May/June just to ensure Snow had gone in Norway

There is no Oil crisis (I've lived through a few and they relate to demand > supply), now we have an excess of Oil. As someone very wise once said, "the stone age didn't end because they ran out of stone"
bilboburgler is offline  
Dec 16th, 2014, 07:21 AM
  #3  
 
Join Date: Sep 2010
Posts: 34,108
I'd say there's just an eenie weenie bit of a "concern" in Norway right now due to that "no oil crisis" purported above:

http://www.bloomberg.com/news/2014-1...es-plunge.html
Dukey1 is offline  
Dec 17th, 2014, 02:32 AM
  #4  
 
Join Date: Jan 2003
Posts: 19,722
>>assuming the dollar remains at these levels ?<<

Given that Russia, at least, is prepared to hoick its interest rates up to get the exchange rate up again, who knows if it will? These things depend on so many variable factors.
PatrickLondon is offline  
Dec 19th, 2014, 08:49 AM
  #5  
 
Join Date: Jun 2013
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Other exciting destinations that are doubtless feeling the pinch from low oil prices - Angola, Libya and Venezuela.
dyoll is offline  
Dec 23rd, 2014, 06:21 AM
  #6  
 
Join Date: Sep 2014
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For an American the prizes in Norway has gone down from "totally incredibly expensive" to "incredibly expensive". The Norwegian economy is still very strong and most things are expensive there. I would say late May or June is a better time to visit Norway and most parts of Russia (like Moscow and St.Petersburg). Late June is of course unique because of "the white nights" when it never gets dark
Espen_the_Great is offline  
Feb 27th, 2015, 08:58 PM
  #7  
 
Join Date: Feb 2015
Posts: 7
I wish to add that you could see in Moscow and St-Petersburg on the 1st of May a celebration of Spring and Labor Day as well as on the 9th of May (Victory Day) the military parade on the Red Square of Moscow. Weak Rouble will help you to see everything you wanted and to spend less.
Do not hesitate to ask me, I will answer any question about your stay in Russia as I live in Moscow.
Sergey1183 is offline  

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