Indian travelers who have planned their summer holidays and yet to book, this the right time to freeze your travel plans. The rupee’s gaining streak has a lot of opportunities for Indian travelers looking to book travel to long haul destinations like the UK, Europe, and the USA.
Over the last six months, the Rupee has strengthened against all major currencies. For instance, the rupee has appreciated USD by over 7.5 percent, the UK Pound by 7.8 percent, the Euro by 10 percent and the Swiss Franc by 9.4 percent, making it an attractive period to book before prices surge close to April and May.
Karan Anand, Head-Relationships, Cox & Kings said, “In summer, most Indians prefer traveling to Western Europe, Eastern Europe, the UK, and the USA. With a strengthened rupee, Indians can enjoy more value for their money in these countries and do not have to trade down on hotel upgrades, shopping, duration of stay and additional sightseeing. Budget travelers who have been waiting to book their summer trips should consider doing it now to get the best deals. For those who have already booked will have additional funds with them when on tour. A 4- 5 % change in rupee would easily save around Rs. 8000- 10,000 per person depending on the destination.”
|Currency||INR (in Oct, 2018 )||INR (as on March 19 , 2019 )||Rupee Appreciation (in %)|