Malaysia Ringgit continues to depreciate against many currencies. It’s a bad news for people who wants to travel abroad.
Want to travel abroad, but the weak Ringgit had frightened you?
Experienced traveler usually is well prepared by saving some US Dollar for travel fund. If you have done so, I would like tocongratulate you, dollars have appreciated 25% against Malaysia Ringgit from its lowest point. US dollar is also going higher against most currencies, it’s a good news for those who saved their travel fund in US dollar.
Meanwhile, our Malaysia Ringgit also becomes weaker against most countries that we usually travel to, such as Thailand, Singapore, Taiwan, Hong Kong, South Korea, China. We are going to spend more when travel abroad to these countries.
1. Euro Zone Countries
Those who wanted to travel in Europe, let’s plan your trip. At this time, the Ringgit is at the highest point against the Euro. The Europe QE will make Euro goes even lower.
Did not expect Australia to be listed here. But the current exchange rate is around RM2.80 for AUD1.00. Frankly speaking, it is quite worthwhile to travel to Australia.
Wanted to visit NorthAmerica? Canada may be your best choice. It is near to US, yet Ringgit did not change much against Canada Dollar. In fact, Canada Dollar is getting cheaper in the long run.
Football fans, you should visit Brazil. Brazilian Real is almost at the bottom against Ringgit. (Argentine peso is low, but recently it’s raising against Ringgit)
How bout Mexico? The southern neighbor of the US, Mexica’s Peso is also hovering near its lowest point(against Ringgit).
South Africa is a good tourist destination, moreover its currency, Rand is at bottom against Ringgit.
Indonesian Rupiah did not change much against Ringgit. If you intend to visit country nearby Malaysia, Indonesia is indeed a good choice!
Although the Ringgit/Yen had retreated from its highest point since last October, Japan is still one of the country that worth visiting.
Last but not least, Malaysia. By travel locally, you will not be affected by the currency exchange. (but soon there will be GST everywhere).
The countries we suggested above did not put the cost of living into consideration.
Having said that, if you’re always wanting to travel to these places, now is the perfect time!