Although the low temperatures are already felt, winter officially begins this weekend, when many take the opportunity to travel. Whether to warmer places or cities full of Christmas spirit, travel planning should include not only choosing the destination, but also considering exchange rates, which can significantly influence the budget. Find out more about their variation and purchasing power in relation to the year 2023, according to .
At the end of 2024, the value of the euro against other currencies shows changes in purchasing power compared to the same period in 2023. According to a study by Ebury, a fintech specialized in financial services, destinations such as Brazil, Mexico, Dominican Republic, Canada, Cape Verde and Switzerland registered an appreciation of the euro. This scenario benefits European tourists, making these destinations more accessible.
On the other hand, countries such as the United States, Thailand, the United Kingdom and Angola have seen a devaluation of their currencies against the euro, which can make travel to these places more expensive.
Change in purchasing power (Dec. 2023 vs. Dec. 2024)
According to the Ebury study, here are some examples of the changes seen:
Country | Coin | Change in purchasing power |
---|---|---|
Brazil | EUR/BRL | +16,2% |
Mexico | EUR/MXN | +10,5% |
Dominican Republic | EUR/DOP | +3,2% |
Canada | EUR/CAD | +1,7% |
Cape Verde | EUR/ECV | +1,0% |
Switzerland | EUR/CHF | +0,3% |
USA | EUR/USD | -2,8% |
Thailand | EUR/THB | -2,9% |
United Kingdom | EUR/GBP | -3,1% |
Angola | EUR/AOA | -14,5% |
The analysis, which covered the period between December 4, 2023 and 2024, also took into account the inflation rates of the respective countries. For example, Brazil recorded a 16.2% increase in the purchasing power of European tourists, while Angola saw a significant reduction of 14.5%.
Impact on travel and the tourism sector
Exchange rate volatility not only affects individual travelers but also travel agencies. Companies that contract services in different currencies can adjust the prices of tour packages. Therefore, trips to countries where the currency has devalued can represent a savings opportunity for tourists.
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