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How many times has it happened that you longed for an exotic foreign trip, but gave up on the idea because of upsetting figures in your bank balance? Indian currency seems weak when compared to international currencies. Hence, planning a trip to New York or California is not easy; everybody knows these are expensive places and you will have to think twice before your NYC dreams come true.
But what if we tell you there are countries in the world that you can visit and gather equally thrilling and exotic experiences, at much lesser price?
Yes, there are countries that can be on your travel bucket list, where money will be the last thing you will worry about! These places are not only unique and undoubtedly beautiful, they are relatively cheap and our Indian currency will prove a stronger, higher currency when compared to their own currencies!
So, what are you waiting for? We bring you our top 5 picks for affordable travel destinations and you should get packing!
1. SRI LANKA
1 INR (Indian Rupee) = 2.37 LKR (Sri Lankan Rupee)*
Sri Lanka is the first in our affordable travel destinations list!
Despite being extremely small in size, Sri Lanka is a heavenly abode that makes it to the post of top five biodiversity hotspots in the world!
Dive in with the blue whales or watch spinner dolphins play against the setting sun! Go on a wildlife safari and spend days playing with elephants in the water.
Sri Lanka is a haven for back-packers, packed with Dutch architecture from the times of Sri Lanka colonialists, and exotic scenic locales, it is closer to home and yet, everything that any far-off international destination could possibly offer!
1 INR (Indian Rupee) = 1.70 JPY (Japanese Yen)*
Cute buildings, cute people, cute food, and cute everything else! Second on our list of affordable travel destinations is Japan.
Food is an integral part of Japan, and something that the Japanese wholly embrace as a prime part of life.
Japan’s history is intrinsically linked to the Buddhist, Shinto, and Taoist faiths- the reason why a visit to Japan will be no less than a serene and tranquil experience.
Japan is categorically blessed with natural beauty with the country boasting of extremely rare and fascinating flora and fauna – experience the magnificence of Mt. Fuji in summer and spring, and visit the streets completely covered with cherry blossoms in March and April- Japan will present you with sights that will simply take your breath away!
1 INR (Indian Rupee) = 1.66 ISK (Icelandic Króna)*
Iceland convincingly makes it to the third spot on our affordable travel destinations list. Iceland is situated just below the Arctic Circle, which means the country has 24-hour daylight from mid-May to late July. Isn’t that already stimulating?
And who hasn’t heard of Iceland’s famous northern lights? The county is undoubtedly one of the world’s best places to witness the magic of the northern lights or aurora borealis. The best time to witness the magic of these celestial marvels from September to mid-April.
Iceland’s rich water supply is undoubtedly its most valuable natural resource. Why are we telling you about this? Iceland has natural pools that can be found all around the country, calmly seated in natural environment.
Fun fact : People of Iceland do not have surnames. They follow the traditional Nordic naming system in which a person’s name includes their father’s first name.
1 INR (Indian Rupee) = 4.00 HUF (Hungarian Forint)*
From its cosmopolitan cities to the charming countryside, Hungary will provide you with innumerable reasons to make a stop here. Nonetheless, it is going to be a decision you will not regret. From mouth-watering food to traditional folk culture, Hungary offers something for everybody, which is what brings the country on the fourth spot in our affordable travel destinations list.
Hungary’s countryside is filled with naturally magnificent sights- from natural landscapes in the Hortobagy National Park, to extravagant caves of Lillafured, your Hungarian vacation will be both peaceful and beautiful!
Hungary will be the best option if you’re looking for an affordable vacation – with affordable food, drink, and many of the country’s attractions being totally free to visit such as the Chain Bridge)
1 INR (Indian Rupee) = 353.78 VND (Vietnamese Dong)*
The last on the list of affordable travel destinations is Vietnam. With its fascinating history, succulent food, gorgeous beaches, old towns, islands and waters, Vietnam should definitely be on everybody’s bucket list.
Street food is a trademark of Vietnam and you will find countless food stalls on street sides throughout your trip that you can gorge on! Vietnam will also not disappoint mountaineers, or adventure seekers- you can either rent a motorbike and drive to the scenic mountains in the north or along the length of the country from north to south – but beware, this thrilling ride is not for the faint-hearted.
Don’t forget to share with us if you do plan a trip to any of these places!
* Conversion rates are subject to change.
Bitcoin has become an essential crypto asset in modern portfolios and investment funds. The confidence generated in this cryptocurrency will depend a lot on the diversification that companies make in their balance sheets in Bitcoin and the increase of institutional investors that allocate a percentage of their funds in this crypto. American fund manager Cathie Wood makes some interesting predictions, both in the rise that the Bitcoin price will experience in the next 5 years, suggesting these institutional investors allocate 5% of their funds; this will help leverage the Bitcoin market.
Bitcoin will grow by a tenfold
Bitcoin is projected to grow by 10 times its current value in five years, i.e., it could reach $500,000. Of course, this will require companies to invest in cryptocurrencies. This makes it necessary to increase the weight of Bitcoin on balance sheets through investments. One of the investment gurus who supports this prediction is Catherine Wood. Contrarily, Ray Dalio, despite being clear that relying on cash is not a good strategy, views Bitcoin with suspicion, although he calls for its investment. This behavior is due to the actions of governments against the cryptocurrency market.
If something is undoubted is the vertiginous increase that cryptocurrencies have had in general, they have risen more than 60% so far this year. So, even when some governments are trying to regulate cryptocurrencies, they will fail. This attempt to regulate will end up triggering even more cryptos, especially Bitcoin, which is the oldest and most solid of that market.
Bitcoin, is the oldest and most solid of the market. | Photo by Executium on Unsplash
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The current Bitcoin price means is time to buy:
The current price of bitcoin invites you to buy, and perhaps it would be foolhardy not to. In either case, bitcoin will always represent money. Maybe some external factors generate some misgivings, but if you refuse to invest in cryptocurrencies, you are basically denying the near future, it would be as if you didn't have a cell phone or internet.
In India, more and more people are becoming convinced of the benefits of holding some Bitcoin. This can be clearly seen in the rapid increase in the number of new accounts at crypto exchanges such as WazirX and CoinDCX.
ALSO READ: How can you trade in Bitcoin in India?
Bitcoin, despite its fluctuations, represents an excellent financial strategy. The support users give is significant. The same cannot be said of the FIAT currencies, which have lost value and support, showing how fragile they are, being subjected to a constant devaluation. As long as confidence in cryptos grows, the foundations will continue to be laid to maintain their rise and to be able to continue making transactions. We know this by previous experience, as has happened with Ether, thanks mainly to the growing activity of Defi and NFT, i.e. decentralized finance and non-fungible tokens.
Remember that when you invest in Bitcoin, you can do it by buying or trading. When you want to make these transactions do it in a secure Exchange, study your finances to invest, manage the risk, and learn to manage your portfolio efficiently.
Tech billionaire Elon Musk took to Twitter to reveal that there were "challenges" with the toilet during SpaceX's first entirely private trip to space and promised upgrades for future missions. "Definitely upgraded toilets :) We had some challenges with it this flight," Musk said in a tweet, answering questions from Twitter users. He did not elaborate on what these challenges were or how exactly the toilets would be upgraded. SpaceX's CEO recently said that next time the Dragon spacecraft will have a food warmer and free WiFi.
After spending three days in orbit, the world's first civilian mission of SpaceX's Inspiration4 returned to Earth on Sunday. The crew, onboard the Dragon spacecraft, re-entered Earth's atmosphere for soft water landing off the coast of Florida at 7.06 p.m. EDT (4.36 a.m. Sunday India time). The mission lifted off to orbit aboard SpaceX's Falcon 9 rocket and Dragon spacecraft on last Wednesday (India time Thursday).
It was commanded by tech entrepreneur Jared Isaacman and joined by Medical Officer Haley Arceneaux, a physician assistant at St Jude Children's Research Hospital and pediatric cancer survivor, Mission Specialist Chris Sembroski, an Air Force veteran and aerospace data engineer, and Mission Pilot Dr. Sian Proctor, a geoscientist, entrepreneur, and trained pilot. The fully automated Dragon capsule reached an unusually high altitude of 585 km, surpassing the International Space Station by 160 km. The Dragon's dome window, inspired by the Cupola on the ISSl provided the crew with incredible views of Earth. (IANS/ MBI)
Keywords: SpaceX, Elon Musk, Inspiration 4, cancer, children, astronaut, space
To save up money for the future, you probably opened up one or more savings accounts at banks you trust. But have you noticed that your money isn't growing as much as you would like it to while it sits in those accounts? They probably are not earning much money in interest, so the amount that you have saved likely has not changed much since you put the money in the account. This can be frustrating and disheartening, and it can create quite a bit of fear about the future, especially with coronavirus lockdowns and restrictions and rising costs.
The good news is you can do something about this. Putting your money in the bank is not the only way to make it grow. Instead, you can invest in assets that will appreciate in value over time. That way, you can build your wealth, and if you ever need more cash on hand for any reason, you can sell the assets you invested in and get the money that you need.
What are some of the top assets that you should consider investing in? HotForex has created this infographic to illustrate some of the options that are available. Keep reading to learn a bit about them.
Asset #1: Gold
When it comes to assets that you can invest in to grow your wealth, you probably think of real estate, right? A lot of people do. Unfortunately, many people these days can't afford to buy real estate because they might not be earning enough, they might not have enough money saved for a down payment, or the home prices in their area might be too high. But, again, there's no need to get discouraged because there are other assets, such as gold, that can be much more affordable but still give you a great return on your investment.
Gold is an awesome hedge against inflation, so even if the value of your currency drops, the value of your gold may remain stable or increase, thereby supporting you and your wealth goals. So, definitely consider buying some gold when you are ready.
Asset #2: Commodities
Another way to hedge against inflation is by investing in commodities. According to HotForex, industrial metals and oil have done well since COVID-19 restrictions were eased around the world in the recent past, so when you look at how their values have changed, you may realize that they have increased in value and price. If you invest in them now, you might be able to reap the benefits of their value continuing to increase in the years to come.
Some of the commodities that you might want to consider investing in include oil, palladium, copper, and silver. Going with materials that are in high demand across a variety of industries is a good way to ensure you will be making a sound decision and a financially responsible move.
Asset #3: Forex
Finally, there's the forex market. If you have never heard of it, it's basically a market in which you trade currency pairs to make a profit, much like you would trade shares of stocks on the stock market.
To succeed in the world of forex trading, be sure to get a good quality trading platform, like the MT4 for PC download. That way, you can gain access to valuable tools and stay on top of every trade with ease to increase your earnings.
(Disclaimer: This article is sponsored and contains some commercial links)