International travelers might benefit from stronger dollar
If you're thinking about traveling to Europe or Great Britain this fall, and you can find an affordable air fare, you might want to jump on it. The dollar closed stronger against the 15-nation euro than any time in the last seven months (closing at $1.00 = .69€) and also rising against the British pound (closing at $1.00 = £.65). When my husband and I visited England earlier this year, the dollar-to-pound ratio was practically two to one. The current exchange rate doesn't approach the strong dollar that American travelers benefited from several years ago, but it is more favorable to travelers than it was earlier this year. What goes up can go down again, so if you have the time and the budget to go overseas, this might be the time to do it.
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I exchanged dollars for Canadian currency today in Squamish and was delighted to get a few extra cents for my dollars! Rather than getting all my Canadian money at once, I've been getting it in little dribbles as I use it up, which is benefiting from the improving exchange rates!
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ReplyDeleteVery interesting!
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