The Big Mac Index

So I have to tell you, from a exchange rate perspective, 2007 has not been a great year to travel outside the United States. Well, at least not if you have American Dollars to change (thank you George W. Bush). The exchange rates of most of the currencies we changed for was usually worse when we left than when we arrived, it sucked.

If you are as determined as we were to get out there and see the world, and the Dollar hasn’t yet recovered, here are a few things to consider:

  • Stay Away from Western Europe – The Dollar to the Euro sucks. The Pound? Even worse. You will spend more money than you expect to here.
  • Go to Countries with Good Exchange Rates – We spent about as much in a week in the United Kingdom as we did in two months in India without trying. You read that right – one week, two months.
  • Get Out of the Big Cities – In our experience we spent about half as much in the country as we did in the cities. It may seem like there’s less to do, but there is a LOT less to spend money on.
  • Buy Less Before You Leave – Ever heard of buying at the top? That’s what you’re doing ever time you buy something in the States. Example – We bought a months worth of anti-malarial medication in the states. Each pill cost about ten dollars a piece. That gave us enough to get “in country” and find some more, or cheap. The very first pharmacy we went to in Delhi sold the exact same malarial meds for about a dollar a pill – we saved nine dollars on every pill by getting the rest in India. That’s Med’s but the same goes for hiking shoes, quick dry clothes, etc.
  • Avoid Whitey – When you do get out on the road, don’t go to Starbucks. It’s easy, it’s comfortable, and very expensive. In fact, when you’re out, ask locals where to eat. If you follow Lonely Planet all the time you’re going to get “Tourist Food” all the time. It’s cheaper, more fun and usually better quality to eat where the locals do.

US Dollar Exchange Rates

CurrencyValue on
Arrival
Arrival DateValue at
Departure
Departure
Date
Up/Down
New Zealand Dollar1.42Jan. 051.44Feb. 15+ 0.02
Australian Dollar1.27Feb. 161.27Mar. 13+/-
Indian Rupie44.21Mar. 1441.29May 13- 2.92
Chinese (PRC) Yuan7.69May 187.57Jul 23- 0.12
Mongolian Tugrik1164.00Jun 261163.78Jul 14- 0.22
Hong Kong Dollar7.82May 147.82Jul 26+/-
South African Rand6.94Jul 277.25Aug 29+ 0.31
Zimbabwean Dollar134,000Jul 28360,000Aug 3+ 226,000
Zambian Dollar4006.40Jul 304000.21Jul 31- 6.19
Botswana Pula6.35Aug 26.32Aug 3- 0.03
Namibian Dollar7.56Aug 167.38Aug 26- 0.18
British Pound0.4983Aug 300.4966Sep 6- 0.0017
Jordanian Dinar0.7138Sep 60.7134Sep 12- 0.0004
Turkish New Lira1.294Sep 121.267Sep 17- 0.027

England Notes for Budget Travelers

Bıg Ben

Bıg Ben

Ok. Budget is a bit of a misnomer. Let`s refer to it as a bleeding. The U.K. is an expensive place to visit when you`re on vacation and headed back to work and a paycheck next Friday. Coming from months in Asia, it was just painful to watch the pounds pour out of our wallet. In one week, we spent almost as much money as we did in two months of travel in India. Ok. So maybe this is not a fair comparison, but still. Ouch!
Like I said in Damn that Dollar, the prices are high and the exchange rate is a killer. So here are a few tips if you would like to make an attempt at budget travel ın England.

  • Transport can be expensive. Buses tend to be cheaper than the train for getting around the country, but if you`re traveling mid week and buy tickets in advance, you can get a good deal on the train. Getting around Central London is pretty easy on foot. For longer journeys around town or tired feet, the Tube is pleasant but pricey. If you are planning to do a few things outside the central area, it`s best to buy a Travel Card and take advantage of all day riding. Personally, I prefer the bus. A day pass is less than a return fare and much less than the Tube and you get the pleasure of riding around town on the double decker.
  • Lodging is a source of much pain. Hostels are plentiful throughout the U.K. but the prices are often more than you would pay for a decent hotel some places in the U.S and many are complete crap. In Liverpool our options were slim since much of the accomodation was already booked. We opted for the backpacker stalwart known as the Embassie. It`s the cheapest place in town, but only has dorm rooms. So we squeezed in with several others and tolerated the comings and goings of our roommates, one little shared bath and one long night of very loud snoring. You know it`s bad when Dave gets up, shakes a stranger`s bed and tells him to roll over. All this luxury cost us about $60 US a night. In London, we stayed at the massive Generator (better when pronounced with Schwarzenegger accent). The Generator is a full service mega hostel. It`s full of people, but is in a good location, clean, well serviced and provides free breakfast and good, cheap dinners, plus a free drink on arrival. A private room with bunk beds (we`ve gotten used to this), a sink and shared bath ran about $81 US a night.
  • Food runs the gamut in England. You can find all types and at all prices. Many restaurants offer good lunch deals, and there are plenty of cheap and tasty ethnic restaurants around town. A budget meal for the two of us was probably about $15 US – and it doesn`t get much cheaper than that.
  • Touristy Stuff is often free, though some entrance fees are a little pricey. We had considered visiting Buckingham Palace – which has additional private residences open this month – but tickets would have been around $60 per person. This was money better spent on LFC tickets – which were roughly the same price.

We`ve both been to England before, and will definitely return again, but with more cash and a paycheck waiting in the bank at home.

So You Wanna Be A Millionaire

Fuel Shortage

Fuel Shortage

Who doesn’t want to be a millionaire? Well, if you travel to Zimbabwe your dreams can come true with less than $10. The problem is that you can’t legally change money at the “real” rate and when you do become a Zim millionaire, there’s very little left on the shelves to purchase.

You may have heard about some troubles in Zim. They’ve been brewing for several years now, but seem to be taking a serious turn for the worse. Inflation is nearing 5000%. That may seem a little abstract to really grasp so let me give you an example of how things were working during our brief visit.

Thanks to the wonderful people at our hostel we were able to exchange money at close to the “real” rate which for us was 140,000Zim$ to 1US$. So when we paid 1US$ for a bottle of water at the hostel, we were paying the equivalent of 140,000Zim$ for it. If we had exchanged money at the official rate of 250Zim$ to the 1US$, the same bottle of water would have cost the equivalent of 560US$. I am not making this up. If you don’t have the good fortune to be able to change money illegally (and safely), then you’re forced to pay in US$ – which means less value for the dollar but of course is still better than using the official exchange rate. Using an ATM or a credit card is absolute insanity as the official rate is used.

Once you have the money you may have a hard time finding something to spend it on. It’s quite common to walk into a restaurant and have them tell you there’s no more food left (at 2pm), or no pizza since they’re out of flour, or sorry no more bottled water. The shortage of food and fuel is largely a result of President Mugabe’s mandatory call to cut prices in half. Merchants are losing their shirts, and recently many that have closed shop or broken price controls because they can’t make ends meet are being jailed. The owner of our hostel figures he earns up to 32 years of jail time a day with all the laws he’s breaking to keep his business running.

You’d think that in a country where the economic situation is beyond desperate, crime would be an issue. This was not our experience in Victoria Falls – a town that once boomed with tourism. The people we met on the streets were friendly towards us and simply wanted to trade their carvings and curios for our shoes or even our leftovers. It’s really a sad situation, and it’s soon going to be a regional dilemma as refugees pour into neighboring countries. We can’t speak to the safety of other places in Zimbabwe at this time, but we can recommend giving Vic Falls and the surrounding area a chance.  They’re really glad to have you!