Strong U.S. Dollar Puts World Travel on Sale
We wrote in January how the strong U.S. Dollar was saving Americans traveling to Europe a fairly significant amount of money. Well, it seems that this trend has continued to get even better for American travelers.
Back in January, it took $1.20 to get a Euro, and with today’s strong dollar it only takes $1.08 to get a Euro!
Here’s a few examples of what that means to you in dollars and cents:
- Last year, a €200 meal in Paris would cost you $280. At the moment, that same meal will cost you $260.
- Last year, a €500 hotel room would cost you $700. At the moment, that same hotel room will cost you $540.
Strong U.S. Dollars Saves Americans 25% Over Euro!
For Americans traveling to Europe, that translates to a significant 25% savings from last year. As you translate these currency savings across taxis, tips, souvenirs, and all of the other expenses a luxury traveler might encounter, this can add up to significant savings from last year. Further, these savings are also creating bargains for Americans in other currencies as well.
Moral to the story: after many years of a soft dollar, travel abroad looks to be less expensive in 2015. Let’s go have fun!
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