Sick of crummy exchange rates in Europe? To get the most value out of your next vacation, head to South America.
Morro de São Paulo, Brazil
Poolside at the Anima Hotel in Morro de São Paulo
Beach Bumming
Morro de São Paulo, Brazil
Why go: Sand and sea, with few crowds and no cruise ships

The deal: Compared with other global beach destinations, Brazil's 4,600 miles of coastline are relatively cheap. Stick to Brazil's warmer northern coast, and go during the March and April shoulder season (sporadic rain showers peak in May). You'll pay just a little more in air fare than you would flying to the Caribbean, but you'll pay far less for meals and rooms.

"These are up-and-coming destinations, so hotels are not charging the high-end prices you find everywhere else," says Arabella Bowen of ShermansTravel.com. Though less glamorous than some of Rio's beaches, Morro de São Paulo offers a laid-back escape with four swimming coves and horseback riding, all a two-hour catamaran ride from the city of Salvador.

Where to stay: Bungalow-style hotels such as Pousada O Casaro (ocasarao.net) and Anima Hotel (animahotel.com) charge $100 a night or less.

Getting there: A round-trip ticket from Miami to Salvador on TAM Airlines (888-235-9826) costs about $750. From there, catch one of five catamarans that sail to Morro de São Paulo daily from the Terminal Maritimo ($50 round trip).

Tip: Want to roam the country? Buy TAM Airlines' Brazil Airpass, which starts at $572 for four flights.

Buenos Aires

Argentina, Mendoza Valley

Argentina, Patagonia

Brazil
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.