10 places to travel on the Singaporean dollar for less in 2020

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

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The Singaporean dollar held fairly steady throughout 2019. But just because it was smooth sailing at home that doesn’t mean it was the case everywhere, so Singaporeans looking to travel in 2020 should take note.

The currencies of popular tourist destinations like Thailand, Malaysia and the Philippines saw some big gains against the Singaporean dollar. For instance, S$1 was worth ฿23.55 on 1 January 2019, while it was worth just ฿22.04 on 1 January 2020. In the Philippines, the Singaporean dollar also dropped from ‎₱38.12 to just ‎₱37.62.

So where is the Singaporean dollar stronger? To find out we compared exchange rates via XE.com on 1 January 2019 with those on 1 January 2020. We then ranked the top 10 that showed the greatest growth for the Singaporean dollar and had a low, medium or variable travel risk based on the International SOS website’s Travel Risk Map. Any countries with a “high” or “very high” travel risk for either medical or security were not included in the list.

All percentages and currency amounts have been rounded up.

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10 of the cheapest currencies for Singaporeans in 2020

  1. Argentinian peso: 62% more per dollar
  2. Uruguayan peso: 16% more per dollar
  3. Turkish lira: 14% more per dollar
  4. Paraguayan guarani: 10% more per dollar
  5. Chilean peso: 8% more per dollar
  6. Mauritian rupee: 7% more per dollar
  7. Hungarian forint: 7% more per dollar
  8. Swedish krona: 7% more per dollar
  9. Romanian leu: 7% more per dollar
  10. Dominican peso: 6% more per dollar

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1. Argentina

The Argentine peso has topped our list for the biggest drop against the Singaporean dollar, at a whopping 62% shift. With an average flight time of one day and three hours, it might be a slog to get there, but at least it’s more affordable once you arrive.

  • How much am I saving? For every S$100, you’ll be getting an extra 1,702 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 Changi to Buenos Aires for around S$1,800–S$2,200.


Island Uruguay

2. 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 16% more.

  • How much am I saving? For every S$100, you’ll be getting an extra 390 pesos compared to last year. That’s a meal at an inexpensive restaurant.
  • How much are flights? A return flight to Uruguay will generally cost you upwards of S$2,500.


Island Uruguay

3. 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 14% on every dollar.

  • How much am I saving? For every S$100, you’ll be getting an extra 54 liras compared to last year. That’s a mid-range bottle of wine.
  • 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 a grand.

Paraguay

4. 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 10% for your dollar.

  • How much am I saving? For every S$100, you’ll be getting an extra 45,544 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 anywhere from S$2,500–S$3,500. And that’s just for an economy ticket.


Man hiking in Chile

5. Chile

If hiking through Patagonia is on your bucket list, now could be the time to go as every dollar is worth 8% 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 S$100, you’ll be getting an extra 4,225 pesos compared to last year. That’s a mid-range bottle of wine.
  • How much are flights? The cheapest flights to Chile start at around S$1,800 but you can expect to pay S$2,000 or more to get there much faster.


Fish swimming in tropical water with palm trees

6. Mauritius

Revered for its crystal-clear waters, dolphin watching and tropical climate, it’s no wonder this little slice of heaven is often referred to as Paradise Island. If you’re looking for a luxury island holiday then this is your spot. The dollar is worth 7% more than it was last year.

  • How much am I saving? For every S$100, you’ll be getting an extra 185 Mauritian rupees compared to last year. That’s the price of two beers at the local bar.
  • How much are flights? Flights to Mauritius are surprisingly affordable, with some flights costing as little as S$912. Of course flights prices will vary, depending on the time of year.


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7. Hungary

Instagrammers flock to Széchenyi for that photo in the baths, but that’s just scratching the surface of Hungarian architecture to explore. Here you’ll find grandeur on every corner and you’ll be hard pressed to run out of structures to admire. With the dollar 7% stronger than the Hungarian forint it could be the perfect excuse to go.

  • How much am I saving? For every S$100, you’ll be getting an extra 1,416 forint compared to last year. That’s the price of a mid-range bottle of wine.
  • How much are flights? You can find a reasonably priced flight to Hungary for around the S$1,200 mark.


Northern Lights, Sweden

8. Sweden

Who doesn’t have the northern lights on their bucket list? If you time it right and with a stroke of luck, Sweden is where you’ll find them. There’s plenty to see and do even if you miss out – hikers can explore the trails in the Norrland village of Abisko, while food and culture enthusiasts can explore the nordic city of Stockholm. Thanks to the exchange rate your dollar is now worth 7% more.

  • How much am I saving? For every S$100, you’ll be getting an extra 45 krona compared to last year. That’s the price of a cappuccino and a litre of milk.
  • How much are flights? You can expect to pay around S$1,000 to fly to Sweden. If you can fly in April you could get a ticket for just under S$800.


Brown bear in Romania

9. Romania

If you’re looking for an Eastern European destination but want to skip the troves of tourists in Hungary, consider Romania for your next Euro destination. Head out of the city to step back in time, where you’ll find rugged stone churches and monasteries in a mountainous terrain with rolling hills. Every dollar is now worth 7% more.

  • How much am I saving? For every S$100, you’ll be getting an extra 20 leu compared to last year. That’s the price of a meal at an inexpensive restaurant.
  • How much are flights? Flights from Singapore to Romania can cost as little as S$700 but they will be higher at certain times of the year. Expect to spend between S$1,000 and S$1,500 to get there in a timely manner.


Street and flag in Dominican Republic

10. Dominican Republic

This country is all about natural diversity – from lush landscapes to pristine beaches, this destination has it all. When you get tired of relaxing on the beach, stretch your legs in town and explore the colonial architecture. The dollar is now 6% stronger than the peso.

  • How much am I saving? For every S$100, you’ll be getting an extra 233 pesos compared to last year. That’s the price of a couple of beers at the local bar.
  • How much are flights? A flight to Punta Cana or Santo Domingo will cost around S$1,600 at the best of times, but be prepared to pay north of S$3,000.


Methodology

Exchange rate data was pulled from XE.com at midday on January 2nd for January 1, 2019 and January 1, 2020. We ranked the top ten currencies that showed the greatest growth for the Singaporean dollar and had a low, medium or variable travel risk based on the International SOS website’s Travel risk map. Any countries with a “high” or “very high” travel risk for either medical or security were not included in the list.

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