If you are planning to travel domestically, you will be spared the sticker shock of the terrible state of the US dollar. What might eventually be a boon to the US export picture is a sock in the wallet to anyone traveling to many other countries. It now takes more than $1.38 to buy one euro, and more than $2.05 for one British pound. The Japanese yen, the Swiss franc and other currencies have also gained strength against the dollar. If you are planning to travel overseas, you might hedge your bets and lay in some foreign currency to spend when you are abroad in country with strong currency.
On the other hand, if you are traveling in the developing world, the dollar is still welcome and looked on favorably.
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The New York Times today said that the Euro is now at $1.3908. A penny doesn't seem like much but from other trips I know that all those pennies add up. They make a trip seem really expensive once you get there, because every time you change money, you get less Euros. - Cindy
ReplyDeleteThere are some suggestions on how to save money at http://www.gemut.com/content/view/959/1/.
ReplyDeleteJust returned from England (in September), where prices at first seem reasonable -- except when you realize they are in pounds and not dollars.
ReplyDeleteMultiple every pound on the menu, etc., by two and you have approximately how much you are spending in dollars. Aloha.