We all have excuses for not traveling. This year, though, cost is less of a factor.

The reason: The U.S. dollar is at its strongest in more than a decade and airfares are lower than they have been in more than five years, according to Patrick Surry, chief data scientist at Hopper, a company that analyzes airfare trends.

That means that travel to Europe, South America, and Australia, which may once have been beyond your budget, is now more affordable. “Once you arrive, the strong dollar will allow you to spend less money than if you visited New York City,” says Sibille Duss, an economist at UBS Wealth Management.

In addition to the strong U.S. dollar and lower airfares, Surry says there are other ways that cost conscious consumers can save even more money when they travel. He suggests considering lower-fare airlines such as Norwegian Air Shuttle and Wow Air, a low-cost Icelandic airline.

Another strategy, says Surry, is to fly into smaller cities, such as Lisbon or Copenhagen, and then catch a connecting flight or a train to big a European hub such as London, Paris, and Rome.

One caveat to keep in mind: A currency decline against the U.S. dollar doesn’t necessarily mean you’ll get a deal. In Argentina, for example, the peso has declined 43 percent against the U.S. dollar in the past year alone. But inflation is rising at about 30 percent annually, wiping out many of the benefits.

Where the Dollar Buys You More

So where should you go to take advantage of the strong dollar? Consider the following countries:

  • Denmark, long a costly country to visit, is now much more affordable. The price of a round-trip flight has dropped by more than 25 percent since 2014 to an average of $673, according to Hopper. And once you’re there, your U.S. dollars will go further than they have in years. That’s because the Danish Krone has declined 21 percent against the U.S. dollar since March 2014.

  • Sweden would also be cheaper than in years past. Travel by air from the U.S. to Stockholm has fallen 3.8 percent over the past year to an average of $828. Hopper’s research, however, shows that you can get a flight for as little as $410 with the cheapest tickets available in early May. Once you’re there, hotels and restaurants won’t be as expensive as they would have been just two years ago. Since 2014, the Swedish Krona has declined almost 25 percent against the U.S. dollar.

  • Peru is on sale too. If you’ve ever wanted to go to Machu Picchu, this may be the right time. Flights to Peru have fallen by about 20 percent over the past two years. Round-trip fares from the U.S. are about $588. The Peruvian currency, the sol, has declined almost 20 percent during the past two years.

  • South Africa offers bargains that you couldn’t have had just two years ago. The average cost of a flight has dropped 25 percent since last year—round-trip tickets average about $986. And if a safari is on your to-do list, it won’t be so costly—the rand has declined about 30 percent since 2014.

  • Australia has long been an expensive trip for Americans, partly because it is so far away. But airfares are down by 22 percent since 2014 to cities such as Sydney and Perth—a round-trip ticket runs an average of $1,209. Since 2014, the Australian dollar has declined nearly 19 percent against the U.S. dollar.

  • New Zealand was the setting for “The Lord of the Rings” films—one reason that many people want to travel there. Fortunately, flight prices have been coming down. The price of a ticket has fallen by about 9 percent since 2014. An average round-trip ticket costs about $1,321, according to Hopper’s analysis. The New Zealand dollar has shed 21 percent of its value since March 2014.

  • Canada is so close yet remains an undiscovered gem by many Americans, says Peter Greenberg, the operator of a travel information site. A trip to Montreal could serve as a base for day trips to nearby regions such as the Laurentian Mountains, home to the ski resort of Mont-Tremblant. The average cost of a flight has declined 15 percent to $378 over the past two years and once you’re there, things will seem cheap. The Canadian dollar is down 20 percent of its value against the U.S. dollar since 2014.