A week-long vacation in the United States typically costs about $2,000 for one person and $4,000 for two.
In Indian Rupees (INR), the same can go up to ₹1,50,000 for one person and ₹3,35,000 for two.
Spending a fortune could discourage an unseasoned tourist. Unlike the USA, there are a plethora of countries with devalued currencies, allowing you to afford a king-size vacation.
Talk about making mindful financial decisions, read on to find out the 10 cheapest currencies in the world. Knowing this will come in handy when booking your next travel adventure!
A Guide to Currency Exchange Rates
Currency exchange rates tell us how much one type of money is worth compared to another.
Exchange rates are influenced by numerous factors like supply and demand, inflation rates, and economic stability.
A currency is deemed weak when its value drops. This drop can be influenced by high inflation, political instability, or low foreign investment.
The exchange rate influences the price of products and services in a foreign currency.
For example, if you have 2000 INR, the same will be valued at about 584,980 VND.
However, the cost of various goods and services will define how much you’re able to stretch your money.
Top 10 cheapest currencies in the world
The currency exchange rates are accurate as of 13-09-2024
1. Iranian Rial (IRR)
1 INR = 501.63 IRR
Due to the political unrest in Iran, the Iran-Iraq war, and the nuclear program the Iranian Rial is the cheapest currency in the world.
Sanctions and economic instability have dramatically depreciated the Rial, making it one of the cheapest currencies in the world.
However, due to the ongoing conflict and safety concerns, it is best to avoid traveling to Iran at this time.
Always read the updated travel warnings and safety information before embarking on a journey.
2. Vietnamese Dong (VND)
1 INR = 292.49 VND
Vietnam is a very inexpensive location for international visitors since its currency, the Vietnamese Dong (VND), is among the lowest-valued in the world.
Vietnam is also a very enticing tourist destination, offering a diverse range of activities for a fraction of the cost of many other nations.
Vietnam offers both adventure and leisure, with reasonable hotels, wonderful street cuisine, and low-cost activities, making it ideal for budget-conscious tourists.
Travelers may visit dynamic towns such as Hanoi and Ho Chi Minh City, which are famous for their bustling street markets, historic buildings, and exciting nightlife.
The nation also has calm beaches along its lengthy coastline, including those in Da Nang and Nha Trang, which provide restful getaways.
One of the main reasons Vietnam is a popular travel destination for travelers on a tight budget is because of its currency advantage.
3. Indonesian Rupiah (IDR)
1 INR = 183.43 IDR
For tourists on a tight budget, Indonesia is a reasonably priced destination because of its weak currency when compared to many other worldwide currencies.
Island hopping in the Gili Islands, visiting verdant jungles, and indulging in reasonably priced native food are all available experiences for visitors.
Indonesia has a wide variety of attractions, ranging from Java's historic temples and cultural landmarks, such as Borobudur and Prambanan, to Bali's breathtaking beaches and exciting nightlife.
For those wishing to travel without going over budget, Indonesia offers excellent value, thanks to its wide range of activities and competitive currency rates.
4. Guinean Franc (GNF)
1 INR = 102.35 GNF
Guinea has thriving marketplaces, a wealth of cultural customs, and beautiful waterfalls. Its varied landscapes are incredibly economical to explore because of the currency rate.
On a budget, visitors may enjoy native cuisine, music, and dancing. Guinea provides excellent value, from trekking the Fouta Djallon to coastal excursions.
Travelers may enjoy these varied activities at a very low cost because of the favorable exchange rate, as the Guinean Franc (GNF) is one of the weakest currencies in the world.
5. Paraguayan Guarani (PYG)
1 INR = 91.07 PYG
Due to the low value of the Paraguayan Guarani (PYG), the nation is a great choice for tourists on a tight budget.
With its abundance of historical landmarks, natural beauty, and unique cultural experiences that are sometimes overlooked by popular travelers, Paraguay is an underappreciated jewel in South America.
Without going over budget, visitors may enjoy the breathtaking Iguazu Falls, the Jesuit Missions of La Santísima Trinidad, and the energetic capital city of Asunción.
Thanks to the favorable exchange rate, visitors may enjoy Paraguay's inexpensive lodging to great local food without breaking the bank.
6. Lao Kip (LAK)
1 INR = 262.07 LAK
Thanks to its low-value currency, the Lao Kip (LAK), Laos is an excellent location for anyone looking for inexpensive adventure and cultural exploration.
Travelers may experience a variety of activities, from hiking through beautiful jungles and meeting up with isolated hill tribes to seeing historic Buddhist temples in Luang Prabang and the enigmatic Plain of Jars.
Because of the good exchange rate, travelers may spend more money on activities, local cuisine, and lodging at extremely affordable costs.
Travelers seeking an off-the-beaten-path adventure without breaking the bank will find Laos to be the ideal destination due to its unique combination of rich heritage and stunning natural surroundings.
7. Sierra Leonean Leone (SLL)
1 INR = 267.02 SLL
Due to the economic instability and the weak exchange rate, Sierra Leone has one of the weakest currencies in the world.
With one of the cheapest currencies in the world, Sierra Leone offers travelers incredible budget-friendly options.
Hence, it makes it the top choice for adventure-seeking travelers looking for both affordability and authenticity.
The country has its vibrant local markets and the historic sites of Freetown to offer in addition to the pristine beaches and wildlife sanctuaries.
Thus providing diverse experiences without stretching the budget.
8. Uzbekistani Som (UZS)
1 INR =150.60 UZS
One of the top destinations for history nerds who love to travel on a budget is Uzbekistan due to its low exchange rate for the Uzbekistani Som (UZS).
Tourists can visit the country for its stunning Islamic architecture, including the opulent madrasas and mosques, without going over budget.
Due to this weak currency, one can explore its rich historical sites, such as the Silk Road cities of Samarkand and Bukhara, making it very affordable.
9. Congolese Franc (CDF)
1 INR = 34.01 CDF
To make travel and adventure extremely affordable, the Congolese Franc (CDF) is one of the cheapest currencies globally.
Hence, traveling to the Democratic Republic of Congo is not only easy on the pocket but offers unique experiences, from taking in the colorful local markets to touring its expansive national parks, like Virunga and Garamba.
Tourists often go there for the treks through the rainforests, spotting diverse wildlife, and to explore the rich cultural heritage of local communities.
10. Colombian Peso (COP)
1 INR = 50.17 COP
The Colombian Peso (COP), compared to many global currencies, is relatively low.
Thanks to this advantageous exchange rate, travelers can afford to take advantage of excellent coffee excursions, discover vibrant districts, and unwind on breathtaking coasts.
The country of Colombia, known for its lush coffee regions has diverse attractions, including vibrant cities like Bogotá and Medellín.
It also boasts of a coastline with beautiful Caribbean beaches. Colombia's inexpensive cost of living and travel allows visitors to fully experience the natural beauty and rich cultural heritage of the nation.
Tips for Getting the Most Out of Your Travel Budget
Maximizing the value of your money while traveling abroad provides you with a chance to enjoy local experiences, and make memories without worrying about overspending.
When traveling abroad, to maximize the value of your money, always use the local currency instead of alternate payment methods.
If you have to use a credit or debit card, opt for a card with low or no foreign transaction fees.
This way you can avoid unnecessary charges on every purchase. While selecting a card, you can also choose a card that offers rewards or cashback on international spending.
Steer clear of exchanging money at airports or tourist hotspots as these locations typically have bad exchange rates and hefty costs.
Instead, take out local currency from ATMs; however, be sure to inquire prior about any foreign ATM fees with your bank.
You can always look out for favorable exchange rates, to make sure you get the most value of your money.
Using these tips you can make your money go the furthest at any travel destination.
So get ready to travel smart and spend less. Start packing your bags and set out on an affordable journey today! With Visa2fly, you can expect a smooth travel experience with our easy and hassle-free visa that is delivered to your doorstep.
