There are a few places around the world where local currencies are depreciated, and US citizens can take advantage of this in 2023. These countries are Argentina, Brazil, and Turkey.
The Argentine peso has been in a state of depreciation since 2018. For 2022-2023 this negative trend continues to remain. The key reasons are increasing inflation and huge fiscal deficits. In addition, the peso is also under pressure from investors who are selling off Argentine assets amid concerns about the country’s economic stability.
So if the US citizen travels in Argentina, compared to USD, the costs will be much lower. More specifically, prices for goods and services in Argentina will be relatively low when compared to the US dollar. It will be unfair if we recommend Argentina only because of the low prices. Here, you will enjoy amazing landscapes, even more, surprising cuisine, and hospitable locals.
There are a few reasons why it is best for US citizens to choose Brazil for traveling while the USD is appreciated and the Brazilian local currency is depreciated. For one, Brazil is an absolutely beautiful country with so much to offer in terms of culture, food, and scenery.
Additionally, because the USD is currently doing well against the Brazilian Real, travelers can enjoy more activities and experiences at low costs. Finally, now is a great time to visit Brazil before it becomes even more popular with tourists (and subsequently more expensive). So if you are one of those who want to enjoy an amazing traveling experience with lower costs, Brazil is one of the best alternatives for 2023.
We can outline several reasons why it is best for us citizens to choose Turkey for traveling while the USD is appreciated and the Turkish Lira currency is depreciated. First, the cost of living in Turkey is relatively low, especially when compared to other Western countries. This means that your travel budget will go further in Turkey than it would in most other places.
Additionally, the current political situation in Turkey makes it a safe and stable destination for tourists. Also, it is predicted that the Turkish Lira will be very weak against the USD for a long period. And for sure, they have a unique culture where it is possible to discover how Asian and European cultural elements are merged.