A strong dollar makes it a good time to be an American in Europe – if you can get there.
But if you can make it from the U.S. to Europe, everything from croissants to taxi rides to luxury goods will be cheaper than they have been in decades, thanks to a strong U.S. dollar.
The U.S. dollar is almost equal to the euro for the first time in 20 years. Currently, the euro is worth $1.02, down from $1.18 a year ago. That's because the Federal Reserve is raising interest rates more aggressively than the European Central Bank has, giving the greenback more heft."Now the euro is as low as it's been in a long time.
Boutique-hotel booking platform Tablet Hotels has kept close tabs on rising accommodation rates at over 6,000 properties worldwide. Consumers who want to lock in a favorable exchange rate can prepay for their bookings. But the dollar is expected to remain strong for months to come.
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