Eastern Europe gives AUD biggest bang for buck

first_imgSource = e-Travel Blackboard: C.C Expedia has released its latest Foreign Exchange Index, revealing Eastern Europe as the top international area where Aussies can get the best value for their Aussie Dollar. Eastern Europe emerged as the top value holiday destination, with Hungary topping the list, followed by Latvia, the online travel company announced. The biannual research, which indexes percentage gains in the AUD over foreign currencies, had Eastern Europe boasting six of the top ten value-for-money destinations. “We’re definitely seeing Eastern Europe trending this year,” Expedia marketing manager, Louise Crompton, told e-Travel Blackboard. “Eastern Europe is getting a lot more searches [on Expedia], with a grown interest for the area.”Ms Crompton said the allure of the region comes as “Aussies are looking to get off the beaten track and see places that are more interesting, emerging”. “[With] Paris, London, Spain – we’ve experienced growth there; but we’re increasingly seeing people with additional days use London as a hub and head to Budapest for its culture, or Dubrovnik for a quick sailing trip,” she said. Hungary’s Forint, which fell almost 28 per cent against the AUD in the last year, emerged as best value, followed by Latvia’s Lat which fell by a similar percentage. The Australian Dollar has also appreciated by almost 23 per cent against the Euro, making Europe an excellent value-for-money destination. Despite the gains of the Aussie Dollar against the greenback, the US didn’t feature in the index’s top ten best value destinations. The results present a startling contrast to the Expedia Foreign Exchange Index issued in October last year: the Euro and the Danish Krone are the only two currencies which remain in the top ten year-on-year. For Aussies looking to travel within the Asia Pacific region, Vietnam is the pick of the bunch, scraping in at tenth position, after seeing its currency fall by almost 19 per cent against the Australian Dollar over the last year. Popular Aussie holiday destinations such as Thailand, Bali and Malaysia still represent great value for money as their currencies have remained relatively stable against the Aussie Dollar. When asked by e-Travel Blackboard whether Eastern Europe presented better value for the Aussie Dollar than the tourism hotbed of Southeast Asia, Ms Compton replied: “Asia is still terrific value for money, and has remained wildly popular. I don’t think we’ll see Eastern Europe replace Asia for popularity, no.”The top ten currencies, in descending order, against which the Australian Dollar has performed best in the past twelve months are: Hungary (Forint), Latvia (Lat), Denmark (Krone), Bulgaria (Lev), Eurozone (Euro), Romania (Leu), Croatia (Kuna), Morocco (Dirham), Czech Republic (Koruna), and Vietnam (Dong). Expedia marketing manager, Louise Crompton, says Eastern Europe presents great value for Aussies to get off the beaten track.last_img