I love to travel and wanted to go to Europe in the summer, however the current dollar situation is going to make it a very expensive proposition. Currently one euro cost 1.5 dollars, this is just insane. It is very expensive for us to go and enjoy Europe. Most people think that this will only affect the travel to Europe but that is not true. I was in Jamaica 6 months ago and shops in Jamaica offered better prices for customers who paid with euros.
Just incase you plan on going abroad anytime soon be prepared to spend more then you bargained for. I’m not sure if there is any way to hedge your exposure when you travel but it would be nice to know who can give you the best exchange rate before you go abroad. I’m actually contemplating purchasing euros now and holding them until I travel. Although in the long term I’m very bearish on the euro/dollar, I don’t think the exchange rate will reverse in the near future.
February 28th, 2008 at 10:16 pm
I’m going to be in the Dominican Republic next weekend, and I haven’t traveled in a while. Visa/Mastercard is accepted around the world right?
I am also going to an all-inclusive resort. Do they give you a card like they do on cruises so that you can charge stuff to your room and pay it later? Or should I just take cash?
February 29th, 2008 at 9:03 am
I’m sure they take both, but I would bring some cash for tips and if you want to buy gifts. You can nagotiate with cash.
March 6th, 2008 at 8:55 am
I love people that make comments like “i’m going to go backpacking through Europe it will be so much fun and pretty cheap” … listen hunny you’ve never been to Europe.. that place aint cheap
March 6th, 2008 at 9:03 am
1 Euro at today is 1.53 dollars. Crazyyyy