Strong Dollar Means Travel Bargains
Earlier in the year the weak US dollar caused many Americans to postpone trips abroad especially to Europe. An impressive rise in the value of the dollar vs. the Euro is making it much more affordable for Americans to travel abroad. Despite the economic crisis and negative economic indicators the US dollar has not only remained stable but has risen dramatically against the Euro and other major currencies. Travelers going abroad would be well advised to use a Forex converter to keep abreast of exchange rates.
Weak Dollar Means Outrageous Prices
Earlier in the year many travelers reported outrageous prices in Europe making basic services and amenities like food very expensive due to the unfavorable exchange rate. Those travelers without a Forex converter were left in the dark and experienced some very unpleasant surprises in shops and restaurants.
Travel 20% Less Expensive
At present the Euro is trading at about $1.27 against the dollar as opposed to nearly $1.60 last summer. Travelers are paying about 20% less for Euros and this translates to 20% savings on goods and services. Spread out over the entire cost of the trip the savings can mount up quickly and be impressive.
For many years the British Pound traded at somewhere in the neighborhood of $2.00 but the Dollar has gained on the pound and is now trading at about $1.60 making a visit to the UK more affordable than it has been in years.
Australia Best Bargain
Australia is now a real bargain with the Australian dollar available for about $.67 US. Air fares are at an all time high but internet savvy travelers are finding some incredible bargains online. The strength of the dollar is making most popular destinations more affordable than they have been in years. Travel industry experts say that travel is down because of the global financial crisis which has caused many high end hotels and resorts to offer significant discounts.
Travelers Need A Forex Converter
The strong US dollar has made travel abroad for Americans much more affordable than it has been for years. Because of the slump in the travel industry many airlines are opening up better seats at bargain prices and many hotel chains have already discounted their rates to attract American travelers. Keep in mind that exchange rates can change daily and travelers should consider a Forex converter to keep abreast of the latest exchange rates. Bon voyage!
