If you’ve been watching the Sensex in the past few days, you’re probably aware that it’s been a choppy ride on Dalaal Street in the past few weeks. Though analysts expect the rupee to depreciate further, there is a silver lining to this red cloud! Travel to a whole host of foreign locations has become cheaper as currencies in these markets have taken a much bigger hit against the dollar than the rupee, making them weaker against our currency. While the rupee has fallen about 5% against the dollar in the past few months, some currencies have lost almost a fifth of their value, weakening upwards of a whopping 20%. So here’s your chance to get away from all the bad news and have some fun instead, check out Skyscanner’s list of all the places that have become more affordable in the past few months.
The Malaysian ringgit has been the worst hit amongst all South Asian currencies on the back of wider global concerns as well as depleting forex reserves within the country. Since the beginning of this year, the ringgit has lost 22% against the dollar, marking a record 17-year low.
You could also head to the sunny beaches of Thailand and indulge in some Thai cuisine. The Thai baht has hit a six-year low against the dollar, down 9% this year. What’s plaguing the Thailand’s economy? Sluggish exports and subdued consumption within the country.
Read more: 10 hidden gems of Thailand
This would probably be a good time to go on a shopping spree in one of Singapore’s many malls. The Singapore dollar is at a five-year low against the US dollar, mainly due to its sensitivity to the Chinese economy. The currency has fallen upwards of 10% in the past few months.
Read more: Why 2015 is the best year to be in Singapore
Concerns over a recession in Australia, coupled with larger global weaknesses have pushed the Australian dollar to a six-year low against the greenback. It is now 25% lower than the same time last year. Need, another reason to visit the continent? September to November the best time to visit just before the hot summer months set in from December.
Read more: The cricket cities of Australia
Read more: Gateway to Europe: Discover Istanbul
6. South Africa
This would be a good time to head to Cape Town to enjoy some lovely spring weather and cheaper hotel rates before the start of summer brings in the crowds in December. The rand has tumbled 12% against the dollar this year.
Have a little more time on your hands? Head further west and explore the pristine beauty of Canada’s great outdoors. The loonie has been plunging rapidly as the country has gone into a “technical recession” due to the falling prices of its prime commodities. In the past twelve months, the country’s currency went south by over 20% against the dollar.