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Cuzco, Peru
Until the dollar rebounds, trade the Eiffel Tower for an equally beautiful cultural landmark: Machu Picchu, Peru, where the U.S. dollar gets you 2.75 Peruvian nuevo soles (PEN). Cuzco, the capital of the Incan Empire, is one of Peru's largest and liveliest cities, located just 75 miles from Machu Picchu. The journey will take a little effort, including a taxi and a train, and some money (the trip costs just over $50 each way), but the favorable exchange rate guarantees a once-in-a-lifetime experience for a relative steal. Cuzco's myriad accommodation options begin at less than $10 a night in a hostel. In addition to walking, taxis are a common and inexpensive way to get around the city, with short rides costing only 2 - 4 soles. Local buses and vans are even cheaper. For bargain meals, shy away from fancy restaurants serving foreign food and stick with the smaller joints offering local fare such as chifa, a fried rice dish brought over to Peru by Chinese immigrants, or cuy, a regional specialty of roasted guinea pig. Since Cuzco is known for its indigenous population, you can find unique local products at a great price, but watch out for tourist traps. Both food and goods cost less the farther you get from the bustling main square.