As 2024 draws to a close, travellers from Singapore have a good financial advantage: the Singapore dollar (SGD) has appreciated against several global currencies. In particular, while the SGD has remained stagnant against the USD compared to the same time last year, it has shot up 4.7% since the end of September.
A stronger SGD means each of our travel dollar stretches further, translating into more affordable accommodation, dining, and activities overseas. We can either enjoy a cheaper or a more luxurious travel experience for the same price.
Whether you’re seeking a culturally rich Southeast Asian adventure, a dream escapade to Europe, or an unforgettable experience in an exotic country, taking advantage of higher SGD can improve your holiday plans.
In the infographic below, we highlight 4 countries that promise not only unforgettable memories but also better value, making it easier to check off those bucket-list experiences. Read on for more in-depth discussions on the exchange rates and unique experiences for each country.
Read Also: Planning Affordable Adventures: Best Countries To Travel In Q4 2023 (Based On The Exchange Rates)
#1 Vietnam: Southeast Asia’s Cultural Treasure Trove
Exchange Rate: 1 SGD = 18,932.10 VND
1-year Appreciation: +4.9%
Source: Wise
Vietnam is filled with history, culture, and natural beauty, and the stronger SGD makes it an even more attractive holiday destination in 2024.
Its capital city of Hanoi offers a rich mix of traditional and French-colonial architecture, and is famous for attractions like the Old Quarter and the Hoa Lo Prison, first used by the French for political prisoners and later by North Vietnam for American Prisoners of War (POWs). Nature lovers can venture to Ha Long Bay, a UNESCO World Heritage site known for its emerald waters and limestone islands, where boat cruises and kayaking adventures are accessible even when on a budget.
Ha Long Bay, Vietnam
Alternatively, Sa Pa, a picturesque town in northern Vietnam, is a major draw for visitors trekking through the Muong Hoa Valley, where the iconic rice terraces crafted by ethnic Viet groups stretch as far as the eye can see. You can also visit traditional villages such as Cat Cat or Ta Van to explore local markets, or reside in homestays to immerse in local culture.
In the south, Ho Chi Minh City provides a dynamic urban experience with bustling markets, historic sites like the Cu Chi Tunnels, used by the Viet Cong for shelter, transport, and guerrilla tactics during the Vietnam War. It is a fascinating historical site that showcases the resilience and ingenuity of the Vietnamese people during the Vietnam War.
Located along Vietnam’s central coast, Da Nang is known for its stunning beaches and unique attractions. You can relax on the pristine sands of My Khe Beach or explore the Marble Mountains, a cluster of limestone hills with caves and pagodas.
The improved exchange rate allows visitors to comfortably explore high-end restaurants, unique cafes, and street-side dining experiences where they can try dishes like pho, banh mi, and egg coffee.
Read Also: 10 Popular Travel Destinations For Singaporeans And The Best Time To Book For Cheaper Flights
#2 Italy: A Dream European Road Trip
Exchange Rate: 1 SGD = 0.71 EUR
1-Year Appreciation: +3.1%
Source: Wise
Italy is known for its rich history, art, and cuisine, has become even more accessible with the strengthened SGD.
Visitors can enjoy Rome’s ancient attractions, such as the Colosseum, Vatican City, and the Sistine Chapel, with affordable entry fees and guided tours now within reach.
Duomo di Milano, Milan
To the north of Rome, Florence is the heart of the Renaissance, offering access to world-class art museums, and is home to Michelangelo’s David – one of the world’s most famous sculpture. Further north is Milan.
To the south of Rome, the beautiful Amalfi Coast and Tuscany’s countryside provide picturesque escapes.
The stronger SGD will give travellers looking to savour culture, art, and cuisine more affordable in one of Europe’s most captivating countries.
#3 Spain: Blend Of Rich Culture, Cuisine And Landscapes
Also using the Euro, Spain is another top European destination. Madrid and Barcelona are perfect for art lovers, offering famous museums like the Prado Museum and Museu Picasso.
For those seeking a beachside getaway, Spain’s Costa del Sol provides a combination of sunny beaches and historic towns.
The lively streets of Seville and Granada showcase Spain’s architectural wonders, including the Alhambra, a stunning Moorish palace.
Toledo, Spain
If you are looking to take a road trip from Italy to Spain, routes typically cross France, which also uses the Euro, so making stops in cities like Nice or Marseille can be ideal for breaking up the journey into more memorable sections.
Similarly, the stronger SGD makes exploring Spain’s culinary scene more viable, from indulging in tapas to sipping fine Spanish wines. Accommodation and transport are also friendlier on the wallet, making Spain an ideal destination for those looking to experience European history, art, and cuisine at a better value.
#4 Nigeria: Unique African Experience
Exchange Rate: 1 SGD = 1,281.93 NGN
1-Year Appreciation: More than doubled
Source: Wise
With a currency crisis in Nigeria, adventurous travellers may enjoy a unique African experience – with urban adventures, natural and wildlife expeditions and cultural diversity.
Nigeria is home to over 250 ethnic groups, each with its own language, cuisine, and cultural practices. Tourists can immerse in colourful festivals and soak in the carnival-like environment – usually involving a celebration of music, dance, and elaborate costumes.
Lagos, Nigeria’s largest city is a buzzing metropolis known for its vibrant nightlife, beach resorts, and markets. The capital city is a more serene destination, featuring architectural marvels like the Nigerian National Mosque and the Zuma Rock.
Nearer to Abuja, the Yankari National Park offers opportunities to spot elephants, hippos, and baboons in their natural habitats.
Source: Yankari Game Reserve
Maximise Your Travel Dreams With Currency Appreciation
As 2024 winds down, it’s the perfect time to explore the world while making the most of your money. The Singapore Dollar’s strength opens the door to a better value for luxurious, adventurous, and culturally rich experiences, whether you’re indulging in Southeast Asia’s vibrant culture, living out your European dream, or venturing to exotic lands, this is your chance to make every dollar count.
The better exchange rates, that you can check on Wise, make it more affordable to create unforgettable memories. Whether you’re cruising along Vietnam’s Ha Long Bay, exploring Italy’s historical treasures, marvelling at Spain’s Moorish palaces, and close encounters with Nigeria’s wildlife, each destination promises unparalleled experiences to enrich your travels.
Remember that you have a variety of cashless options at your fingertips today, including Wise. With these multicurrency wallets, you can spend in foreign currencies without having to exchange so much money in advance and potentially raising the risk of theft and loss.
At the same time, multicurrency wallets also allow you to make cash withdrawals at ATMs overseas at lower fees – meaning you always have access to cash.
You can make instant top-ups into your account, so you never have to exchange more than you need at any point.
Read Also: Best Foreign Currency Fixed Deposit Accounts In Singapore
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