The US dollar has once again hit an all-time low against the Euro.
While this is hardly news these days, it makes me cringe every time I see this headline. And let me tell you, we’ve seen a lot of it in the last couple of years.
Things have dropped a long way since the glory days for American tourists visiting Europe when the euro was worth only 83 cents to the dollar. Since that point, the dollar has plummeted to the point where a euro is now worth $1.3927–a record established on September 13 for the European currency. As if this wasn’t bad enough, the dollar also hit an all-time low against the Canadian dollar on the same day.
It’s gotten so bad that LA Times journalist Tom Petruno jokingly refers to the currency as the “American peso.”
While this is great news for American exporters whose products are now considered deals in Europe, it remains horrible news for us travelers in search of adventure abroad. It also means that my next holiday is going to be domestic. Kansas here I come!