The EU currency is currently particularly strong in Vietnam - for one euro you get around 26.800 Vietnamese dong there. This is the result of a study by the technology company Wise. The listed company has analyzed in which countries the euro is currently strongest and weakest, and where it has gained and lost the most in value since last year.

Vietnam is at the top in the exchange rate ranking of selected travel countries. Uzbekistan follows closely behind in second place. The local So'm has become weaker by around 11 percent over the last year. Here you get around 13.600 som for one euro. Colombia is in third place in the ranking. Here one euro is worth around 4.300 Colombian pesos.

However, the euro is particularly weak on the Arabian Peninsula: In the Emirate of Kuwait, travelers only get around 0,34 Kuwaiti dinars for one euro, while last year it was only 0,33. In Bahrain you currently get 0,41 Bahraini dinars for one euro. A year ago it was only 0,40 Bahraini dinar. With 0,42 Omani rial for one euro, you can currently get a little more in the Sultanate than last year, when it was only 0,41 Omani rial.

In Argentina, the euro has gained the most purchasing power since last year

The euro has strengthened the most since last year in Argentina. If you only got around 193 Argentine pesos for one euro back then, you now get around 893 pesos. With a 78,34 percent increase in value, the South American country is at the top of the Wise ranking of the largest increases in the value of the euro since the beginning of 2023. Angola follows in second place in the ranking, where the value of the euro has grown by 40,45 percent since last year. In Turkey, too, the euro has now gained a good 39 percent in purchasing power compared to last year. Interestingly, although the euro is still particularly strong compared to other countries, Colombia has lost the most purchasing power over the last year (21,37 percent). The Albanian lek has also increased in value against the euro since January 2023 (14,47 percent). Sri Lanka has become 11,75 percent more expensive from a Eurozone perspective over the last year.

In addition to the exchange rate, numerous other factors influence the holiday budget. Vacationers should particularly check the local price level in advance, as inflation rates have risen worldwide, especially in the last two years.

“It's worth keeping an eye on global exchange rates if you want to save money on your next vacation. However, vacationers should also find out about the current price level in advance, as this, in addition to exchange rate fluctuations, of course influences expenses. Currency exchanges are particularly easy to pay at exchange offices and banks - especially at airports and tourist locations. It is worth comparing the courses from different providers with the course on Google. The closer, the lower the hidden fees. If you are particularly clever, you can use a digital multi-currency account where you can exchange digitally without any surcharges on the exchange rate,” comments Thomas Adamski, spokesman for Wise in Germany.