Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

10 places to travel on the Canadian dollar for less in 2020.

Here are the destinations where your dollar will go that much further this year.

The Canadian dollar had a few bumps throughout 2019 but held fairly steady throughout the year. But just because it was smooth sailing at home doesn’t mean that was the case everywhere, so Canadians looking to travel in 2020 should take note.

In Venezuela, the currency took a heavily tumble, dropping almost 6,000% against the Canadian dollar as hyperinflation continued to hit. This was followed by the currencies of Argentina and Angola, which both fell against the Canadian dollar by around 60%.

So where else is the Canadian dollar stronger? To find out, we compared exchange rates via XE.com on January 1, 2019 with those on January 1, 2020. We then ranked the top 10 that showed the greatest growth for the Canadian dollar and had a low (exercise normal security precautions) or variable (exercise a high degree of caution) travel risk based on the Government of Canada’s Travel Advice page. Any countries with an “avoid all travel” or “avoid non-essential travel” risk for either medical or security reasons were not included in the list.

All percentages and currency amounts have been rounded up.

10 of the cheapest currencies for Canadians in 2020

  1. Argentinian peso: 63% more per dollar
  2. Zambian kwacha: 25% more per dollar
  3. Uruguayan peso: 19% more per dollar
  4. Chilean peso: 17% more per dollar
  5. Uzbekistani som: 16% more per dollar
  6. Ghanaian cedi: 14% more per dollar
  7. Georgian lari: 12% more per dollar
  8. Brazilian real: 11% more per dollar
  9. Paraguayan guarani: 11% more per dollar
  10. Turkish lira: 10% more per dollar

Picture not described

1. Argentina

The Argentinian peso has topped our list for the biggest drop against the Canadian dollar, at a whopping 63% shift. With regular flights headed to Buenos Aires taking just over 12 hours to get there, why not make a big trip of it?

  • How much am I saving? For every CAD$100, you’ll be getting an extra 1,737 pesos compared to last year. That’s a three-course meal for two and then some.
  • How much are flights? You can usually purchase a return economy ticket from Toronto to Buenos Aires for around $840.

Check flight prices to Argentina


Victoria Falls in Zambia.

2. Zambia

One of the most picturesque countries in the world, Zambia overflows with natural beauty. It’s perhaps best known for the gushing Victoria Falls, which borders Zambia and Zimbabwe, but also offers visitors the chance to go on safari, marvel at Lake Tanganyika – also known as the world’s longest lake – and meet some of the world’s friendliest people.

  • How much am I saving? For every $100 Canadian, you’ll nab an extra 224 Zambian kwacha. That’ll cover you for a walking tour of Livingstone town
  • How much are flights? Flights to Zambia aren’t cheap and will set you back at least $1,322 return to Lusaka from Toronto.

Check flight prices to Argentina


Island Uruguay

3. Uruguay

Are you a nature lover? Make Uruguay your next South American adventure. Whether it’s swimming in thermal baths or watching one of the world’s biggest sea lion colonies off the coast of Cabo Polonio, nature lovers will fall in love with Uruguay. Thanks to the exchange rate, your dollar is worth 19% more.

  • How much am I saving? For every CAD$100, you’ll be getting an extra 461 pesos compared to last year. That’s a meal and drink at an inexpensive restaurant.
  • How much are flights? A return flight to Uruguay will generally cost you upwards of CAD$1,466 from Toronto.

Check flight prices to Argentina


Man hiking in Chile

4. Chile

If hiking through Patagonia is on your bucket list, now could be the time to go as every dollar is worth 18% more. Chile is home to the Bernardo O’Higgins and Torres del Paine national parks, both of which are the centrepieces of Chilean Patagonia. Chile is also home to Easter Island, making this country a one-stop shop for people who love both adventure and history.

  • How much am I saving? For every CAD$100, you’ll be getting an extra 9,076 pesos compared to last year. That’s enough for a one-hour taxi ride.
  • How much are flights? The cheapest flights to Chile start at around CAD$935 return.

Check flight prices to Argentina


castle

5. Uzbekistan

Famed for its beautiful mosaic-tiled architecture, Uzbekistan is gaining more and more popularity. Get off the beaten track and see it for 16% less this year thanks to the current exchange rate.

  • How much am I saving? With an extra 96,344 som in your pocket, you’ll be singing all the way to Registan Square where you can skip the line for that price and still come away with some spare som.
  • How much are flights? Flights to Tashkent start at $1,283 return from Toronto.

Check flight prices to Argentina


Photo taken in Accra, Ghana

6. Ghana

The West African country of Ghana is quickly being added to the map – not least because our dollar is looking super healthy against it. This coastal city overflows with culture and history from its bustling markets to its coastal forts and castles, making it a wonderful find.

  • How much am I saving? For every CAD$100 exchanged, you’ll get 51 more cedis compared to 2019. That’s almost enough for an inexpensive meal plus drink.
  • How much are flights? Ghana isn’t easy or cheap to get to. Flights to the capital of Accra run close to $946 return from Toronto and involve at least one stopover.

Check flight prices to Argentina


houses

7. Georgia

Boasting a mix of old meets new, Georgia is a country where monasteries can be found tucked in caves and castles perch high above houses built in a maze waiting for the curious to meander their way through. Tick this one off in 2020 and you’ll be singing when you save 12% of your hard-earned cash by capitalising on our strong exchange rate.

  • How much am I saving? You’re looking at an extra 25 lari per $100 when you exchange your money in 2020. In Georgia, that is almost enough for a monthly travel pass.
  • How much are flights? A return ticket to Georgia starts at $999 return from Toronto.

Check flight prices to Argentina


8. Brazil

Come for the parties, the beach or the journey up Sugarloaf Mountain. Whatever kind of blissful adventure you’re after, Brazil has it all. Including an added 11% more cash in hand compared to 2019.

  • How much am I saving? You’ll get an extra 31 reals in your pocket for every CAD$100 exchanged this year. That’s just about enough to get you a mid-range bottle of wine.
  • How much are flights? Flights to the Brazilian city of Rio start at $616 from Toronto.

Check flight prices to Argentina


Paraguay

9. Paraguay

Looking for an authentic South American experience? Look no further than this little-known country bordering Brazil and Argentina. You won’t find any mega attractions here, which is precisely why you should go. This landlocked country is the perfect spot for those seeking to go off the gringo trail. Thanks to the exchange rate, you now get an extra 11% for your dollar.

  • How much am I saving? For every CAD$100, you’ll be getting an extra 46,693 guaranis compared to last year. For that price, you can have a taxi on standby for just under an hour.
  • How much are flights? A flight to Paraguay’s capital in Asunción will set you back at least CAD$990.

Check flight prices to Argentina


Island Uruguay

10. Turkey

If you’re a history buff or a foodie, Turkey is the place for you. Steeped in history and rich in culture, you can revel in Ottoman architecture or eat your way through Turkey’s famous cuisine. This ancient country has it all – and now you can enjoy an extra 10% on every dollar.

  • How much am I saving? For every CAD$100, you’ll be getting an extra 41 liras compared to last year. That’ll be enough for two beers.
  • How much are flights? Turkey is one of the most affordable places to travel to in Europe. At the best of times, you can snag a return flight for less than CAD$900 from Toronto.

Check flight prices to Argentina


Methodology

Exchange rate data was pulled from XE.com for January 1, 2019 and January 1, 2020. We ranked the top ten currencies that showed the greatest growth for the Canadian dollar and had a low, medium or variable travel risk based on the Government of Canada’s travel site. Any countries with an “avoid all travel” or “avoid non-essential travel” risk for either medical or security were not included in the list.

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site