Europe on Sale

Euro Exchange Rate

Bad news for the European Union is good news for U.S. travelers. Over the past six months renewed economic concerns in Euroland have driven the area’s currency down nearly 16% versus the U.S. dollar. That means every country using the Euro, all 19 of them, is on sale. Every hotel, every meal, every taxi ride is 16% cheaper than it was just six months ago.

As with most sales, these bargains won’t necessarily last. So if you’ve had your eye on a shiny new European vacation, it’s just gotten a whole lot more affordable.

If you’re in the market for even deeper bargains look further east where the Russian ruble is down about 45% versus the dollar.  

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12 Comments on “Europe on Sale”

  1. silbershark110 January 8, 2015 at 8:53 am #

    RIP us $ , RIP €
    Buy Gold & Silber phyzz and Keep Calm

    Liked by 1 person

  2. silbershark110 January 8, 2015 at 8:53 am #

    The New King is Yuan !!!

    Like

    • Brian January 9, 2015 at 12:09 am #

      I thought gold was king. ???

      Liked by 1 person

      • silbershark110 January 13, 2015 at 6:03 pm #

        real king is Silver

        Like

  3. Gale A. Molinari January 8, 2015 at 8:55 am #

    Reblogged this on galesmind and commented:
    WOW!

    Like

  4. Michael January 8, 2015 at 10:01 am #

    Its not all bad news for Europe. Europeans travel mostly to other European countries and will notice little difference. European trade is mostly inside Europe, so little impact there as well. And since European products will become cheaper outside the Euro zone, its good news for the export!

    Like

    • Brian January 9, 2015 at 12:02 am #

      Hi Michael,
      I agree that the Euro decline isn’t necessarily bad news for Europeans. Rather it is bad news for the Eurozone and its citizens that is driving the Euro decline.

      Like

  5. Jason January 8, 2015 at 6:38 pm #

    Hi Brian,
    Australian $ is down around 80cents to US$, so great place for those of you who are travelling on USD. http://www.x-rates.com/graph/?from=AUD&to=USD
    Time to visit 😊
    Cheers,
    Jason

    Like

    • Brian January 8, 2015 at 11:59 pm #

      Hi Jason,
      Yup, Australia is on sale too. And with commodity prices down heavy, Australia could get even cheaper for us Yankees.

      I also agree that it is long past time for us to visit Australia. The same is true for ~80% of the globe. So many places, so little time. We will get there, we just don’t know when quite yet.

      Cheers
      Brian

      Like

  6. klcompren January 11, 2015 at 1:05 pm #

    Reblogged this on Second Act and commented:
    I’ve re-blogged this article from another blogger to show the rather dramatic drop in the Euro versus the dollar which has taken place recently. Just since we arrived in Italy, the exchange rate has dropped to 1.18 from 1.25.

    Even though this is good news if you are looking to visit Europe, know that if you purchase a tour package you may not benefit from this drop in the Euro. The tour operator will charge you in dollars and will fix your cost at the time you book. This could work to your benefit or to your detriment depending upon what direction the exchange rate takes from that point. But, all things being equal, you should be able to book travel now at a lower cost that you could have only a few months ago.

    Like

    • Brian January 12, 2015 at 12:01 am #

      Good point. Packaged tours priced in USD aren’t likely to pass the better exchange rate on to their customers. So if you’re paying for your travels in dollars instead of converting your dollars to Euros then the improved exchange rate probably doesn’t benefit you that much. Chalk that up as an added incentive to strike out on your own. 😀

      Like

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