Posted on Jul 16, 2022
Europe is on sale. Why the dollar-euro exchange rate is a win for Americans
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https://www.npr.org/2022/07/16/ [login to see] /dollar-euro-exchange-rate-parity
If you still haven't planned a summer vacation, you might want to do it fast. Europe is looking pretty cheap right now.
For the first time in 20 years, the dollar and the euro are worth about the same. They have been flirting what currency traders call "parity."
That means U.S. travelers won't pay a premium for a hotel room in Barcelona, tickets to the Paris Opera, or a full-course dinner in Rome.
That makes Teresa Valerio Parrot happy. She and her husband are celebrating their 25th wedding anniversary this year.
They thought about taking a trip to California or Hawaii, from their home in Colorado. Flights are expensive everywhere, but thanks to the strength of the dollar, Europe started looking mighty attractive.
"We quickly realized it was going to be about the same price to go to Paris than it was to stay within the United States," Valerio Parrot says.
So, in September, they're headed to France.
"We plan to go, have some great wine, hopefully sip some bubbles, and bring back a whole bunch of souvenirs," she says.
If you still haven't planned a summer vacation, you might want to do it fast. Europe is looking pretty cheap right now.
For the first time in 20 years, the dollar and the euro are worth about the same. They have been flirting what currency traders call "parity."
That means U.S. travelers won't pay a premium for a hotel room in Barcelona, tickets to the Paris Opera, or a full-course dinner in Rome.
That makes Teresa Valerio Parrot happy. She and her husband are celebrating their 25th wedding anniversary this year.
They thought about taking a trip to California or Hawaii, from their home in Colorado. Flights are expensive everywhere, but thanks to the strength of the dollar, Europe started looking mighty attractive.
"We quickly realized it was going to be about the same price to go to Paris than it was to stay within the United States," Valerio Parrot says.
So, in September, they're headed to France.
"We plan to go, have some great wine, hopefully sip some bubbles, and bring back a whole bunch of souvenirs," she says.
Europe is on sale. Why the dollar-euro exchange rate is a win for Americans
Posted from npr.org
Europe
Travel
Money
Posted >1 y ago
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It is a good time for travel to Europe IF the planes will get you there...
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PO1 William "Chip" Nagel
An opportune time for me to enjoy a vacation in London, where I grew up--and visit my sisters, my cousins, and my Selhurst schoolfriends...
An opportune time for me to enjoy a vacation in London, where I grew up--and visit my sisters, my cousins, and my Selhurst schoolfriends...
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SMSgt Anil Heendeniya
SGT Charlie Lee
Well, there's a reunion of my Selhurst Class in London again this coming October; that would be my first choice (yeah, I know, I'm not forgetting my family over there!). I figure I could knock out two birds with one stone. Although I'm not fond of October weather in London, given Climate Change, it's likely not an issue. Shall have to see...
Well, there's a reunion of my Selhurst Class in London again this coming October; that would be my first choice (yeah, I know, I'm not forgetting my family over there!). I figure I could knock out two birds with one stone. Although I'm not fond of October weather in London, given Climate Change, it's likely not an issue. Shall have to see...
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