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PPP theory suggests countries' currencies should have the same purchasing power over identical goods. Exchange rates can affect tourists' perception of a destination being 'cheap' or 'expensive'.

Travel companies and tourists may use financial instruments to lock in exchange rates, minimizing the risk of currency value changes affecting tourism costs.

High fluctuation in exchange rates can create uncertainty for tourists, potentially affecting their travel decisions and timing.

If a country's currency appreciates, it can become more expensive for visitors, potentially reducing the inflow of tourists.

When a country's currency depreciates, it becomes more affordable for foreign tourists, possibly increasing inbound tourism.

The value of one currency for the purpose of conversion to another. It affects tourism by influencing how much tourists spend abroad.

A weak domestic currency makes it more expensive for residents to travel abroad, possibly deterring them from international trips.