How much can you save travelling now to
Why Russia is cheaper now?
Russia’s economy has been always dependent on prices of natural resources, such as oil and gas. More than half of the budget is proceeds from the sale of oil, gas and arms.
When in 2014 oil crude prices dropped twice, Ruble showed its historical minimums. After OPEC deal regarding production cuts, crude oil prices recovered, but consolidated on levels below, as well as Ruble. Uncertainty in possible US sanctions, which in its worst scenario would ban investments in Government bonds and switch off Russian banks from global SWIFT system, makes Russia very risky investment idea.
However, for travelers Russia gives unique experiences of the biggest country in the world, friendly people and delicious food!
Ruble has won more than 1.6% in comparison with Euro and has lost more than 3% with USD.
Inflation rate is 3% and EU inflation is 1.6%.
There are plenty of cheap tickets to Russia from other European countries. The cheapest tickets in August are:
30€ from Budapest
38€ from Yerevan
43€ from Minsk
47€ from Chisinau
The BigMac Index by The Economist suggests that Russian Rouble is 61,2% undervalued if we look at the Raw Index. And is 36,9% undervalued using GDP-adjusted methodology.