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While the UK pound has fallen by over 25% and the euro has fallen by almost 20%, there are other currencies whose falls are also worth watching in planning future vacations, particularly in eastern Europe.
The main one at the moment is the Ukraine hryvna, which has fallen about 50% against the dollar. Ukraine is a real bargain right now, with some interesting places to go including Kiev, Lviv, Odessa, and the Crimea. Its fall has already taken place, and it does not appear likely to fall much more.
The Russian rouble's fall has been more slow motion and is still ongoing. St. Petersburg, in particular, is a neat city to visit. The rouble still has a way to go before bottoming.
Some haven't happened yet. The Moldovan lei is being propped up artificially until elections in a few months, and then is predicted to quickly fall 20-35%. But there is less to see in this country.
Some eastern European currencies, such as the Lithuanian Lita and Bulgarian Lev, are pegged to the euro and have fallen at exactly the same rate as the euro.
But don't assume all have fallen as much. While the strength of the dollar, boosted by the fall in oil prices, means just about any other currency other than perhaps the Japanese yen, has fallen in relative terms, some have held their own better than others. Surprisingly, the Romanian lei has gained on the euro, even though falling somewhat against the dollar.
The main one at the moment is the Ukraine hryvna, which has fallen about 50% against the dollar. Ukraine is a real bargain right now, with some interesting places to go including Kiev, Lviv, Odessa, and the Crimea. Its fall has already taken place, and it does not appear likely to fall much more.
The Russian rouble's fall has been more slow motion and is still ongoing. St. Petersburg, in particular, is a neat city to visit. The rouble still has a way to go before bottoming.
Some haven't happened yet. The Moldovan lei is being propped up artificially until elections in a few months, and then is predicted to quickly fall 20-35%. But there is less to see in this country.
Some eastern European currencies, such as the Lithuanian Lita and Bulgarian Lev, are pegged to the euro and have fallen at exactly the same rate as the euro.
But don't assume all have fallen as much. While the strength of the dollar, boosted by the fall in oil prices, means just about any other currency other than perhaps the Japanese yen, has fallen in relative terms, some have held their own better than others. Surprisingly, the Romanian lei has gained on the euro, even though falling somewhat against the dollar.
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