Last week, I wrote about how the falling value of the euro is making 2015 a really good time to visit Europe. But since then the euro’s value has fallen even more, and now some economists think it may be on par with the dollar soon.
The Washington Post reported that as of Tuesday one euro was worth $1.07 dollars, which is down 30 percent from just last year. Even just last week, the euro was at $1.10. The Post also wrote that the dollar could soon be more valuable than the euro, while other publications were more conservative in their estimates, saying that “parity between the euro and dollar” is a “real possibility.” But either way, this is big news.
There are good economic explanations out there for why this is happening, including the Post‘s, and of course there are overall downsides to having a stronger dollar.
But for travelers this is really a boon. These new numbers mean that the euro is now at a 12-year low, so for American travelers this is the cheapest it has been to visit Europe in more than a decade.
— Jim Dalrymple II