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Stretching Your U.S. Dollars in Europe
Posted by: SteveM - CRUISE VACATION WORLD - http://www.cruisevacationworld.com
Ask for a dollar in change and you'll get back 50 cents, maybe 75 cents. Don't think that's fair? Well, it really just depends on where you're making the exchange -- the United Kingdom or Europe -- because that's roughly what you'll get in return for your U.S. dollar: less than half in the U.K. and roughly three quarters in European countries using the Euro. But before you totally cross off travel "across the pond," consider: Cruise Holidays is reporting a 30.7% increase in cruise bookings for Europe year-over-year. Adding credence, according to the U.S. Office of Travel and Tourism Industries, over 3.4 million U.S. travelers visited Europe from January through April of 2007. That's nearly twice the number of U.S. travelers to Mexico (1.8 million) or the Caribbean (1.8 million) in that same time span - and that's high travel season for the latter two destinations! Americans still go to Europe; but they're finding more cost-effective means of going about their vacation. For millions, that cost-cutting solution is found aboard a cruise ship. Whether it's the Mediterranean or Baltic on a big ship, or cruising on the Danube or Rhine aboard a smaller, more intimate river cruise, a stateroom, dining and entertainment can be had all at one (U.S. currency based) price. Factoring in transportation costs to some of Europe's most highly sought destinations plus the option to combine airfare and/or pre- or post-cruise accommodations into the total price, your vacation will be hard to beat in both enjoyment and in savings. The cruise itself will save you money, but it's the purchases made while in port where the exchange rate will be felt most. To minimize the financial impact on shore-side transactions, do a little research before you go. Check with your bank or credit card companies before leaving home to see how they calculate currency exchange and what fees may be applied to your land-based purchases. The best exchange rate may be by using an ATM card rather than a credit card. Even with the poor exchange rate, this year has been a banner year for European cruising with more ships in the region than ever before, and cruise lines are already planning for another strong season in 2008. |
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