For 2015, I listed Japan, the Eurozone countries, Russia, Poland, Australia/New Zealand and Singapore as countries that will become a whole lot cheaper throughout the year. These predictions turned out to be mostly correct, though at varying degrees. I was wrong about one (find out which one below!). Here is a summary of last year’s predictions and outcomes:
- Singapore Dollar ended 7% cheaper in 2015 and is now at its lowest level since the global financial crisis of 2008-09
- Russian Ruble plummeted by more than 20% in 2015 after already suffered a 50% loss in 2014, offering even better value to tourists in 2015
- The Euro became 10% cheaper in 2015
- The Aussie and Kiwi dollar sank in tandem in 2015, by around 10 to 12%
- The Polish Zloty also sank by 10% in 2015
- Despite a popular notion on a weaker Japanese Yen, the Japanese currency ended in 2015 almost unchanged, but was at its weakest in April when it touched 5% weaker compared to the beginning of the year — I was wrong on this one when I predicted that the Yen would continue to get weaker in 2015
You can revisit last year’s list here.
As what I have done for the past two years, here is my fearless prediction for 2016’s countries that will offer better value as travel destinations, as well as my reasons for citing them.