5 Budget-Friendly Countries for 2024

When organizing a vacation, there are a lot of things to take into account, such as where to locate inexpensive travel destination Countries, how safe the place is, and accommodation possibilities. Whether we like it or not, though, money is the one factor that affects our travel choices the most. The cost of all those resort fees, airline tickets, and amazing meals adds up rapidly, so ultimately, we should give priority to the locations where our money may be spent the most.

Based on the current currency rates, we conducted some research to determine which countries have the greatest purchasing power for the US dollar. While those prices are subject to change due to the unstable nature of the global economy, some locations have consistently provided better value throughout the years, and hopefully, this trend will continue well into 2024.

Hungary

1 USD = 351.21 HUF

Anyone considering a trip to Budapest, where a burgeoning scene of Michelin-starred restaurants and cutting-edge spas are beckoning us from all over the world, should rejoice in Hungary’s robust economy. November 2023 marked the city’s 150th anniversary, and with the recently rebuilt Chain Bridge and the brand-new House of Music Hungary, there will be even more reasons to visit in the upcoming year. Make sure you reserve a room at the art deco W Budapest, which opened in July 2023 across from the Hungarian State Opera. Previously a palace, it is located on a street recognized by UNESCO as a World Heritage Site.

Mongolia

1 USD = 3,449.69 MNT

Mongolia has long captivated us with its seemingly endless stretches and adventure camps—not to mention that travel here can be had for as cheap as $75 per day (including lodging). With forthcoming initiatives like its first-ever direct flight to the US and visa-free travel for dozens of nations, the nation is hoping to entice even more tourists inside its borders by 2024. Next year, local operator Breanna Wilson is adding a digital nomad week, a women-only retreat in Orkhon Valley, and a three-day archery training session to her 2024 trips, so get ready for even more unusual cultural encounters.

Vietnam

1 USD = 24,275.00 VND

Many countries in Southeast Asia are currently particularly favourable for dollar travellers, but we recommend a trip to Vietnam— – partly because of the steadily rising exchange rate, but mainly because of the country’s breathtaking beauty. Hanoi is arguably the most romantic city in the region, but don’t be afraid to venture off the beaten track on your next visit: Places like Ninh Van Bay and Phú Quốc Island have pristine beaches and intimate resorts that you won’t find in the more touristy areas.

South Korea

1 USD = 1,301.45 KRW

We have our sights set on another South Korean city, Mokpo, which is situated in the Jeolla area at the southern point of the peninsula, while other tourists head to the well-known tourist sites of Seoul, Busan, and Jeju Island. Foodies from all over the world come to the port city to enjoy special foods like hongeo, a naturally fermented and very fragrant skate-fish dish. The city has some of the most unique dining options in the nation.

Mexico

1 USD = 17.22 MXN

Mexico is always one of our top picks for low-cost travel destination Countries. The modern restaurant scene in Mexico City is the only thing that rivals the city’s street food culture for spending most of your money on food. However, be sure to budget some money to see all of the city’s cultural attractions, beginning with the well-known Museo Jumex. If you’re willing to travel a bit further, consider visiting Jalisco to witness the production of tequila firsthand or Isla Holbox for a tranquil beach setting.