Top emerging destinations for Aussies

An Australian dollar has risen so much in value compared to the Yen, that it’s now cheaper to eat and drink in Japan. 
Source: The Australian

THE strength of the Aussie dollar means there has never been a better time to go travelling. So where should you go to get the best bang for your buck?

Expedia.com.au released its Foreign Exchange Index today listing the top 10 emerging destinations for Australians based on purchasing power.

The number one place to travel this year? Japan. 

The Australian dollar has soared 15.52 per cent in the past 12 months compared to the Yen and retail prices in Japan continue to fall.  

Amee Evans, Expedia Travel Expert, the world’s largest online travel company, says: “It’s a great time to seize the moment and visit some of these destinations whilst the Aussie dollar can go further. But even before you exchange your Aussie dollars on ground; there are other ways you can ensure you get the best value all-round holiday with great deals on things such as flights and accommodation.”

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But what about inflation? And isn’t Japan really expensive?

“Inflation rates had been taken into account when analysing the data to determine exactly how far the dollar would stretch in each country,” NAB Currency Strategist Ray Attrill said. 

“After we adjusted the movements in currency values for inflation rates, the league table of relative currency winners and losers shifts, though Japan’s place at the top of the leader board is maintained. While Japan may not be considered cheap, the exchange rate moves of the past year means that in many respects – including eating out and drinking – the Australian dollar will now stretch further inside Japan than it does at home. “

So where else should frugal Aussie travellers be heading this year? Here’s the list. Take your pick. 

Top emerging destinations for Aussies