Dollar Sinks to Record Low in Europe
Travel Blog • Jim Benning • 09.12.07 | 6:44 PM ET
Bad news for Americans traveling in Europe: The dollar hit a record low against the euro today. It now takes about $1.39 to buy—gasp—one euro. As the AP points out, a 300-euro hotel room in Paris would have cost Americans about $351 in November 2005. Today, that same room would cost about $417. Said one analyst: “Anyone who goes to London or Paris right now is going to feel like they’re being gouged and regret booking the trip.”
Related on World Hum:
* Three Travel Tips: Ways to Save Money in Europe
* Given the Weak Dollar Overseas, Any Advice on Long-Term Travel?
* The Dollar-Euro Exchange Rate Blues
Photo by jopemoro via Flickr (Creative Commons).