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).
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Jim Benning is the editor and co-founder of World Hum.
Ben 09.14.07 | 8:08 AM ET
As an American in Europe at the moment, I can tell you that I paid about $9 for a beer two nights ago… mighty pricey!
jv 09.14.07 | 7:14 PM ET
“As the AP points out, a 300-euro hotel room in Paris would have cost Americans about $351 in November 2005.”
And don’t forget: That room would have been SUB-$300 in late 2002. How I long for those days again ...
Though I do get a kick out of European friends who visit, load up on pricey consumer electronics and gush about how my country is “Third World cheap”!
Pinoy Money Talk 02.25.08 | 2:12 AM ET
All can be blamed to the administration which lead the country in a very bad way.
Kammy 07.27.08 | 12:54 PM ET
I was discussing this last week with an American friend that came over to the UK…
Put it this way, he was not best pleased with how much he was having to spend over here, although we had a laugh about it. However, in my opinion since Americans are the richest in the world…it is only fair we make a bit of money out of them ;-)