Elearnmarkets - Financial Market Learning
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Learn On Elearnmarkets
Elearnmarkets - Learn Stock Market, trading, investing for Free
  • Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Learn On Elearnmarkets
Elearnmarkets - Learn Stock Market, trading, investing for Free
No Result
View All Result
Home Basic Finance
5 International Destinations to consider this Holiday Season due to Gain in Indian Currency 1

5 International Destinations to consider this Holiday Season due to Gain in Indian Currency

Elearnmarkets by Elearnmarkets
November 18, 2020
in Basic Finance, Capital Markets
Reading Time: 4 mins read
3
379
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Understanding the gains and losses to currencies is an important concept of currency trading. If you want to gain knowledge in Currency Derivatives, join the NSE Academy Certified Currency Derivatives course on Elearnmarkets.

Planning to go overseas this New Year?

There are many international destinations which might excite you with the appreciation in Indian rupees in the past one year and you might consider going to any one of them.

Before looking at the destinations, let’s understand what do you mean by currency appreciation and depreciation?

Currency appreciation implies an increase in the value of home currency vis-a-vis other foreign currency.

The appreciation in value may be due to various reasons including interest rate change, government policy, business cycles etc.

On the other hand, currency depreciation is the loss of value of a country’s currency with respect to one or more foreign reference currencies.

Also Read:  Quick guide on basics of Currency Transactions

The following are the list of international destinations you can consider going due to gain in Indian currency-

1. Egypt

If you are a history buff, a place like Egypt might excite you.

Long known for its pyramids and ancient civilization, Egypt has a touch of both old and modern era. Giza’s colossal Pyramids and River Nile are the famous tourist attractions here.

In the last one year, INR has appreciated by 55.3% and currently, the exchange rate stands at 1 Egyptian Pound = Rs 3.8.

The cost of tour per person comes at around Rs 90000 for 6 night/7 days and it includes airfare, meals, accommodation, sightseeing, transfers and tour manager service.

The best time to travel Egypt is from October to April.

2. Argentina

This is a place for fun loving people and for those who love dance and music.

Argentina is a massive South American nation with terrain encompassing Andes mountains, glacial lakes, and Pampas grassland.

The country is very popular for music and its tango dance.

Argentina

INR has appreciated by 37.5% vis-a-vis Argentine Peso in the last one year and 1 Argentina Peso stands at Rs 4.3.

The cost of tour per person stands at Rs 80000 on a twin share basis but this is a land package and it excludes airfare.

The best time to visit Argentina is from December to March.

3. United Kingdom

The United Kingdom, comprising England, Scotland, Wales and Northern Ireland, is an island nation in north-western Europe.

This is a right place for people who love finance and culture and moreover UK is also home to centuries-old universities at Oxford and Cambridge.

The exchange rate of 1 pound currently stands at Rs 86.8 and it has appreciated by 13.5% in the last one year.

The tour cost of 5 night/6 days stands at Rs 1,25,000 which includes airfare, meals, accommodation, sightseeing, and transfers.

The best time to travel UK is from May to October.

4. Sri Lanka

If you are looking for a budget trip, Sri Lanka (an island nation in the Indian Ocean) can be very good option which offers a diverse landscape from rainforest to plains to beautiful beaches.

INR has appreciated by 1.3% in the last one year and currently, one Sri Lankan rupee stands at Rs 0.45. The tour cost per person stands at Rs 55000-60000 per person including airfare, accommodation, meals, sightseeing and transfers.

The temperature of Sri Lanka is pleasant throughout and hence can be visited at any time of the year.

5. Malaysia

Kuala Lumpur (capital of Malaysia) is a home to colonial buildings, busy shopping districts, and skyscrapers.

The iconic 451m tall Petronas Twin Tower is the main tourist attraction here.

Malaysia

The tour cost for 5 night/6 days in Malaysia stands at Rs 60000-65000 and 1 Malaysian Ringgit = Rs 15.2 (INR has appreciated by 3.3% in the past year).

The above cost includes Airfare, visa, accommodation, sightseeing, meals, transfers, insurance and tour manager service.

Moreover, you can also visit Malaysia at any time of the year.

Bottomline

All the above destinations offer different tastes from budget to landscape to distance from India.

So what are you waiting for?

Plan a trip to any of these locations of your choice and spend quality time with your loved ones this new year.

Happy holiday!!

Join TMP Join TMP Join TMP
Tags: currencycurrency marketenglishexchange rateforexinvestment basics
ShareTweetSend
Previous Post

Market Wrap for 20th December, 2016

Next Post

Learn These 5 Skills to Advance Your Career

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

5 Best Practices in Your First Year of Stock Market Trading 2
Basic Finance

5 Best Practices in Your First Year of Stock Market Trading

May 15, 2023
1.4k
Understand the MSCI Index and its Rebalancing Impact on the Indian Stock Market 3
Basic Finance

Understand the MSCI Index and its Rebalancing Impact on the Indian Stock Market

May 12, 2023
2.2k
Tax Planning - 7 Changes in the Indian Financial Environment that you need to know this Financial Year! 4
Basic Finance

Tax Planning – 7 Changes in the Indian Financial Environment that you need to know this Financial Year!

April 18, 2023
1.3k
Last-Minute Tax Planning- 5 Common Mistakes that Taxpayers Make 5
Basic Finance

Last-Minute Tax Planning- 5 Common Mistakes that Taxpayers Make

April 12, 2023
1k

Comments 3

  1. Hairstyles says:
    4 years ago

    Very efficiently written post. It will be valuable to everyone who utilizes it, including yours truly :). Keep doing what you are doing – looking forward to more posts.

    Reply
    • Sakshi Agarwal says:
      4 years ago

      Hi,

      Thank you for reading!

      Keep Reading!

      Reply
    • Sakshi Agarwal says:
      4 years ago

      Hi,

      Thank you for Reading!

      Keep Reading

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Facebook-f Twitter Instagram Linkedin-in Youtube Telegram

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

Download App

Categories

  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Technical Analysis
  • Marketshala
  • Miscellaneous

Popular On Elearnmarkets

  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati

© 2023 Elearnmarkets. All Rights Reserved

  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

Get Elearnmarkets App

No Result
View All Result
  • Article Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • Hindi
    • Bengali
    • English
  • Courses
  • Webinars

© 2020 Elearnmarkets All Rights Reserved