Strengthening Rupee provides a reason to book an International holiday: Cox & Kings

The rupee’s gaining streak has a lot of opportunities for Indian travellers looking to book travel to long haul destinations like the UK, Europe and the USA.

Mar 20, 2019 09:03 IST India Infoline News Service

Indian travellers 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 travellers 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%, the UK Pound by 7.8%, the Euro by 10% and the Swiss Franc by 9.4%, 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 travelling 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 travellers 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 Rs8000- 10,000 per person depending on the destination.”
  
Currency INR (in Oct, 2018 ) INR (as on March 19 , 2019 ) Rupee Appreciation (in %)
1 USD 74.49 69.32 -7.5%
1 EUR 86.18 78.36 -10.0%
1 GBP 98.55 91.57 -7.6%
1 AUD 53.03 48.91 -8.4%
1 SGD 53.93 51.07 -5.6%
1 CAD 57.48 51.8 -11.0%
1 CHF 75.57 69.08 -9.4%
1 THB 2.27 2.17 -4.6%
1 AED 20.28 18.87 -7.5%
 

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