What the strong U.S. dollar means for you
by: Caitlin White
The U.S. dollar is stronger today than it has been over the last few years. What does that mean? When we talk about the U.S. dollar being stronger, it’s about you being able to exchange more euros, pounds, yen or any other world currency for your dollar. With summer fast approaching, the strong dollar could have a positive effect on future travel plans and foreign purchases.
Strong dollar = better travel deals.
Summer is one of the most popular times to travel abroad, which means it’s also one of the most costly—especially when the dollar is weak in comparison to your destination’s currency.
Fortunately, this summer may be the perfect time to plan your European vacation. In the last year, the euro’s average exchange rate against the U.S. dollar has decreased by almost 25 percent. Once you get there, your dollar will buy you more souvenirs than last year. According to TripAdvisor, European hotel prices are predicted to decrease by 9 percent.1 As a result, you may be able to upgrade to a nicer hotel!continue reading »