Choosing a Place to Travel based on Cost


Outline

1.     Overvalued and undervalued currencies

2.     Ten common countries in the cheapest countries listings

3.     Least expensive destination in the Eastern Hemisphere

4.     Least expensive destination in the Western Hemisphere

5.     Safety Factor

6.     What do you think of the Leffel quote


Overvalued and undervalued currencies

If the value of the Big Mac is based off of the US price, then only Sweden and Switzerland have overvalued prices.In Switzerland it is overvalued by almost 20%.In Egypt, the cheapest country, it is undervalued by almost 70%.Based on this index, Switzerland would be the most expensive travel, while Egypt would be the cheapest.

Ten common countries in the cheapest countries listings

10 cheapest countries to travel to:

        Thailand

        Malaysia

        Vietnam

        Russia

        Moldova

        Egypt

        Taiwan

        Argentina

        Cambodia

        Egypt

Least expensive destination in the Eastern Hemisphere

Upon researching these countries, I found that Vietnam is fairly cheap to travel to.The round-trip flight costs $1,282.00 but the hotel was only $182.00 for all 21 nights.Vietnam was also way down on the Big Mac Index so everything will be relatively cheap. I estimated that food would cost around $12.00 per day bringing the total to $252.00.The total cost of the trip would be $1,716.00.

Least expensive destination in the Western Hemisphere

Columbia was also on the cheap end of the spectrum for the Big Mac Index.The flights will cost $1,027.00.The lodging would be $235.00 for all 21 nights and the food would cost about $252.00.This would bring the trip total to $1,514.00.

Safety Factor

The safest country would be Iceland.The US ranks in down 121 which is low but probably brought down by the high crime rates in certain cities.Vietnam ranks at 60 which is very good.Colombia comes in at 145 which isnít terrible, but I have a friend who stayed there for a long time and said it was peaceful.

What do you think of the Leffel quote:

"You'll learn far more than you ever did at a university. 
There is something to be said for this quote.I agree with it, but only to a certain extent.Learning something hands on, while actually experiencing it is the best way to learn for me.But that kind of learning, combined with prior education on the topic, whether it be through reading or lecture, has proved to be even more of a learning boost.So my short answer would be that a combination of reading and actually experiencing is the best way to learn about yourself and the world.

 


Submitted by Dan Pavlik on 2/22/19.