You may be sick of hearing how low the dollar is, but today we have just another example of how badly the American currency is fairing. In Amsterdam, small currency outlets are refusing to buy dollars for euros, making it difficult for tourists to exchange their money.
“Our dollar is worth maybe zero over here,” said Mary Kelly, an American tourist from Indianapolis, Indiana as reported by Reuters. “It’s hard to find a place to exchange. We have to go downtown, to the central station or post office.”
Small currency exchanges are different than banks and other institutions in that they don’t want to be holding a currency that will devalue and be worth less next time they have to sell it. One euro is currently worth $1.58, compared to $1.47 a month ago. If you want to make your travel money last, it’s probably time to find a job in Europe.