Travel News

The Dollar is STRONGER Than the Euro – Again!

Written by Charlie

At an even better time than before, the US dollar is stronger than the Euro once again! With August being peak season in Europe, this bodes very well for American tourists.

It has been a month but the dollar has again become stronger than the Euro. In the last month, the fluctuation caused the dollar to drop a bit but for the last couple of days, the dollar has begun gathering steam again. This is huge for this time of year so it is good news for American travelers to Europe!

The Dollar is Stronger than the Euro – Again

It is currently not by much but $1 is now worth a smidgen more than €1. There is no sign of this halting, either. This means that as Europe continues to fill with American tourists, Americans are going to find that their US dollar is going to go further than it did last year.

This was the exchange rate at the time of this post being written.

However, inflation continues to be a major problem. The stronger dollar means that you will be getting a better deal in Europe than you would have before but things may still cost a bit more than they did last summer (even though last summer it was €1 = $1.21).

The good thing is that it should continue to gain strength in the coming months and many are expecting airfare to drop in the coming months as well. That means that it could be one of the absolute cheapest shoulder seasons ever for travel to Europe!

If you want to stay up to date, head over to XE.com and put in an alert for a certain conversion rate. Remember that they are using mid-market rates for their conversion rates.

By the way, if you wanted to get a long-term resident permit/visa in some European countries (called a “Golden Visa”) and you have the money to swing that, this could be a great time to start looking. For Greece, it is a property investment of €250,000 and it gets you a 10 year Golden Visa.

While certain property values in the cities have gone up, there are plenty of properties in more rural areas, on islands, or in the north have really come down so you could get a property on the cheap (from what it was 2 years ago). People from Qatar, UAE, and China have really been taking advantage of this so the time to lock in a good deal on property could be sooner rather than later.

Some of the links on Running with Miles are affiliate links that pay a commission if a purchase is made. Running with Miles is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

About the author

Charlie

Charlie has been an avid traveler and runner for many years. He has run in marathons around the world for less than it would cost to travel to the next town - all as a result of collecting and using miles and points. Over the years, he has flown hundreds of thousands of miles and collected millions of miles and points.
Now he uses this experience and knowledge to help others through Running with Miles.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.