Russians to Pay 5% More for Turkey Vacations Due to Ruble Drop

14 August 2018 (10:15)

UrBC, Moscow, August 14, 2018. International tour operators warn that staying in Turkey will cost Russian customers 5% more in the next season after the ruble grew weaker against the U.S. dollar and the euro again, Russia’s Association of Tour Operators reports.

As the market players explain, the simultaneous weakening of the Turkish lira isn’t going to offset the tour prices, as all the agents involved use dollars in their cash settlements.

It is estimated that a trip to Turkey might grow 5%+ more expensive by the time next season hits.

The USD/RUR exchange rate exceeded 1/68 for the first time since April 2016 today.

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