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Sabrinasays
For the Meta annual executive event, I’d suggest that it be held in either Turkey. In general, a depreciated currency relative to the USD makes the costs become more affordable for companies that are U.S dollar based. Based on date from XE, the Turkish Lyra has depreciated in comparison to the USD by over 83% over the past 5 years. Similarly, the Argentine Peso has depreciated in comparison to the USD by over 64%. Japan and Euro had significant depreciation in relation to the USD in comparison to the USD, but no where near Argentina and Turkey. In terms of flights and transportation, Turkey is an extremely large travel hub, meaning there will be convenient flights for all members of the executive coming from various corners of the world making flights per person (round trip) between $1000-$1400. Once the executives arrive in Turkey, the depreciation rate is to their advantage as the executives can leverage a strong USD to provide entertainment, housing and meals to the guests. By choosing a location with a favorable currency rate, Meta could reinvest savings into enhancing the executive experience or even trimming the event budget while maintaining high standards. Therefore, my suggestion would be to host this retreat in the location with the highest depreciation rate, Turkey.
Sabrina says
For the Meta annual executive event, I’d suggest that it be held in either Turkey. In general, a depreciated currency relative to the USD makes the costs become more affordable for companies that are U.S dollar based. Based on date from XE, the Turkish Lyra has depreciated in comparison to the USD by over 83% over the past 5 years. Similarly, the Argentine Peso has depreciated in comparison to the USD by over 64%. Japan and Euro had significant depreciation in relation to the USD in comparison to the USD, but no where near Argentina and Turkey. In terms of flights and transportation, Turkey is an extremely large travel hub, meaning there will be convenient flights for all members of the executive coming from various corners of the world making flights per person (round trip) between $1000-$1400. Once the executives arrive in Turkey, the depreciation rate is to their advantage as the executives can leverage a strong USD to provide entertainment, housing and meals to the guests. By choosing a location with a favorable currency rate, Meta could reinvest savings into enhancing the executive experience or even trimming the event budget while maintaining high standards. Therefore, my suggestion would be to host this retreat in the location with the highest depreciation rate, Turkey.