Vietnam Offers Top Value for Travellers on the Singapore Dollar

Online travel company Expedia has revealed some of the world’s top value destinations for travellers on the Singapore Dollar.

According to the Expedia Foreign Exchange Index, which was developed in conjunction with foreign exchange specialist HiFX, Vietnam is currently the best-value destination, with the Singapore Dollar appreciating by more than 22% against the Vietnamese Dong in the past 12 months.

Hong Kong and India are also ranking high in the list, with the Singapore Dollar appreciating about 12% against the Hong Kong Dollar and Indian Rupee year-on-year.

Other Asian countries that made the ‘Top 20 Best Value Destinations’ based on the value of the Singapore Dollar are Laos (up 8.7%), Sri Lanka (up 8.38%), the Philippines (up 7.82%), Indonesia (up 7.16%), China (up 6.64%) and South Korea (up 6.58%).

“Asia remains one of the best value-for-money destinations for travellers from Singapore. With the upcoming school and summer holidays, budget conscious travellers such as families and students should plan ahead now to take advantage of the strong currency and great offers available,” said Dan Lynn, Managing Director, Expedia Asia Pacific.

The Index also shows countries such as Kenya, Egypt, Argentina and Turkey in the top 20. The USA ranks as the eighth best value destination due to the Singapore Dollar performing well against the ‘Greenback’, delighting travellers looking to stretch their Singapore Dollars when shopping for popular brands on their overseas trips.

“The Singapore Dollar has been buoyed by strong economic growth, and with policy makers looking to allow the currency to appreciate to combat inflationary pressures, this is likely to continue. As a result, it’s a great time to be taking the Singapore Dollar abroad for shopping and overseas holidays’, explained Nick Brain, Consultant, HiFX.

From 24 May – 30 June, Expedia.com.sg is offering a discount of up to 50% off on hotels in some of the region’s top value destinations.

Valid for travel till the end of August 2011, more than 10 Asian destinations will be on offer including Hong Kong, Macau, the Philippines, Malaysia, Cambodia, Laos, Vietnam, Thailand, India, Korea and China. Travellers will also receive an additional 10% discount coupon when booking their favourite Asian destination during this period.

Top 20 and Sin$ Percentage Gain

1 - Vietnam (Dong): +22.13%
2 - Kenya (Shilling): +21.52%
3 - Egypt (Egyptian Pound): +20.02%
4 - Argentina (Peso): +17.58%
5 - Turkey (Lire): +14.26%
6 - Lebanon (Lebanese Pound): +12.28%
7 - Hong Kong( Hong Kong Dollar): +12.20%
8 - United States (Dollar): +12.12%
9 - United Aram Emirates (Dirham): +11.95%
10 - India: +11.46%
11 - Peru: +11.02%
12 - Laos: + 8.70%
13 - Sri Lanka: + 8.38%
14 - Philippines: + 7.82%
15 - Indonesia: + 7.16%
16 - China: + 6.64%
17 - South Korea: + 6.58%
18 - Canada: + 4.87%
19 - Brazil: + 4.31%
20 - Mexico: + 4.30%

See recent travel news from: Travel News Asia, Expedia