I just can’t help but feel giddy about all of the progress that the Dollar has been making against the Euro over the past month. Sure, this is the direct effect of a near worldwide financial meltdown, banks are failing left and right and Iceland was briefly for sale on Ebay. But the slim silver lining to the whole debacle is that we, as Americans, now have more buying power overseas.
As of this morning, you can now officially buy a Euro for a $1.25, down from nearly $1.50 in September. That means that if you’ve got some late fall (say, Thanksgiving) travel to the EU lined up, it just got 17% less expensive.
In case you’re wondering, Iceland’s Krona started trading again a couple of weeks back after the government effectively froze trading for a little while to let the market stabilize. One now earns 126 Krona / Dollar instead of the 76 from earlier this summer.