And they are doing some interesting things lately.
First of all, the Canadian dollar is dropping like a rock versus it's U.S. dollar counterpart. It hit an 11 year low on Friday!
Unless the situation improves for us Canadians over the next two months, travel in the Unites States is going to be 20% more expensive than it was a year ago. So when we drive through in October, we'll be doing it even more frugally than normal!
However, as much as Canada and the world likes to focus on the U.S. dollar, the Canadian dollar versus some other currencies is doing just fine. One of the best examples of that is Colombia! And we happen to be going there for six weeks in November and early December.
The Colombian Peso vs the Canadian dollar.
So, while our time in the U.S. will be shorter than we'd like because of the cost, our time in Colombia will be less expensive.
Of course this still leaves the Mexican Peso, which will certainly be the wild card of this currency poker game. We still plan on spending the majority of our upcoming winter in the country of Mexico.
Mexican Peso vs Canadian dollar.
The peso has been reasonably steady versus the Canadian dollar, bouncing between 12 and 13 pesos to the dollar. Of course that means that it's really cheap for Americans to go to Mexico, with their currency hitting an all time high of 16 pesos to the U.S. dollar just a couple of weeks ago.
So for the time being, Colombia looks like it's going to be our best frugal choice for this winter, however a lot can change over the next couple of months. It will be interesting to see how things play out, and ultimately there is nothing we can do but change our spending habits accordingly.
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