10 ways to take advantage of higher Dollar to the Euro

10 ways to take advantage of higher Dollar to the Euro

Athens, Greece at sunset

Athens, Greece at sunset

10 ways to take advantage of higher Dollar to the Euro exchange in Europe

 

Did you know that the higher dollar exchange rate to Euro is going to make it more affordable for Americans to finally visit Europe and at a favorable exchange rate that is almost at a one to one exchange rate. This is going to be a big boon for Americans visiting Europe for the first time, or returning back to explore more European destinations that has been on their bucket list of places to visit.

In order for travelers to take advantage of the today’s favorable exchange rates and really maximize their vacation budgets, I have put together a quick list of tips and suggestions for making their dollars stretch even more while traveling abroad.

1) Use a credit card that has no foreign transaction fees. This is simply the best way to cut your expenses. If you have a credit card that also gives you mileage, then that is an added plus to using your credit car. I typically use my mileage credit card to buy almost everything before, during and after travel to add up add up on a trip to Europe and no foreign transaction fees make it a real plus.

2) Track various websites for the cheapest airfares available. Travel search sites like Skyscanner, Kayak or Travelzoo are great search consolidators that also tie in search on popular sites like Expedia, Hotwire and Priceline so you can easily track the average flights. Many of these sites also have a calendar schedule where you can also track the cheapest airline price for an entire month at a time. Give yourself at least three months out for planning to finding the best airfare deals from various sites.

3) Using your debit card –  In place of using a credit card, debit cards do incur a charge but typically low fees averaging 1 %. Your own bank typically will not charge a fee but the bank of the retailer or shop you use your debit card will typically charge this nominal amount

4) If your travel vacation location is flexible, start planning now to find those amazing European deals now before summer approaches when transportation and related destination fees also increase.

 

Late fall visit to Sigurta park in Lake Garda

Late fall visit to Sigurta park in Lake Garda

 

5) Traveling in the off-season to Europe in the early spring, late fall (after October) to winter timeframe will typically give you better rates for transportation, lodging and even package tour options which can be a bargain in certain destinations.

 

6) Pay for trip upfront with current exchange rate. Many advocates of financial experts advocates that you pay for everything upfront in cash or charge so the current exchange rate is utilized for this upfront payment including airfare, lodgings and any other events or attractions that you can pay in advance and reserve to take advantage of the low exchange rate. Many of these experts also suggest getting Euros now before you start a trip and have the case available vs unfavorable rates with exchange banks at the airport.

 

Visiting the Parthenon in Athens, Greece

Visiting the Parthenon in Athens, Greece

7) Travel to destinations where the exchange is best like Greece or Portugal – these two countries are relative bargains n ow due to economic woes. You will be able to find budget friendly areas where you definitely can stretch your Euro better than typically expensive trafficked areas like Paris, Barcelona and Berlin. You can also find cheap European bargains in countries like Slovakia, Lithuania and Latvia which are the cheapest Euro zones destinations to visit.

8) Travel for a longer time frame. Typically foreign travel for most Americans is relatively short and expensive, but extending it out longer and in a particular destination will be cheaper for longer visits to many destinations in Europe.

9) Splurge on the good things. The expensive Parisian dinner or Gondola ride has always been out of reach but with today’s exchange rate, not so outrageous enough for a little splurge at the popular destinations around the continent. Enjoy it now while the exchange rates are great for dollar conversions.

10) Hold off on pre-booking tours, rail passes, and other tickets through American-based agencies and instead pay for attractions directly from European sites that will charge in Euros and the current conversion will allow for the current rates for those bookings.

It is predicted that this will be a banner year for Americans to be visiting Europe again with exchange rates almost that same as in 2008 exchange rates. So the main advice is to definitely go now and enjoy Europe at your doorstep. Hopefully these 10 ways to take advantage of higher Dollar to the Euro has helped you with budgeting a fantastic trip to Europe. If you have any other tips you might like to share with our readers, please do share it in the comments section below.

 

 

 

 

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14 Responses to 10 ways to take advantage of higher Dollar to the Euro

  1. Johanna May 18, 2015 at 1:35 pm #

    Some great tips and applicable for us travelling from Australia to Europe too. I always like Skyscanner for comparing air fares and if possible try to gear my dates for when the dollar is still looking good against the pound. As it’s autumn here in SWA, I loved your pic of the deciduous trees at Lake Garda.

  2. Lyn aka TheTravellingLindfields May 16, 2015 at 1:41 am #

    Great tips,no matter where you are travelling.

  3. Jack April 24, 2015 at 4:48 am #

    I am definitely hoping that the exchange rates stays this way for as long as possible…:)

  4. Suze The Luxury Columnist April 19, 2015 at 12:48 am #

    Some really good points here Noel, I agree that it’s all about getting the timing right though that can be a bit of a gamble. We often leave buying currency until the last minute if it looks like the rate will become even more favourable

  5. Amila@LeisureandMe April 18, 2015 at 10:34 pm #

    These are some great suggestions.Not only for Europe,I guess these tips are still valid for many other locations too.

  6. Jesh StG April 13, 2015 at 9:19 am #

    Since my relatives and son and old time friends live in Europe, we go as much as possible off-season, take a little cash for emergencies, and convert $$ in Eur. One luxury: we rent a car (in Eur.) so we can go an visit any “in the middle of nowhere” place on impulse:)

  7. alison abbott April 5, 2015 at 4:49 am #

    Great suggestions Noel. I will look into my credit card and atm transaction fees when I travel to Barcelona at the end of the month.

  8. Paula McInerney April 4, 2015 at 4:53 pm #

    We are from Australia. Enough said.

  9. Sue Kuentz April 4, 2015 at 4:05 pm #

    Haha- Of course we booked the most expensive citiy- Paris. We’ll also be in Vienna and London.
    Our son just graduated from UT Austin and these locations were on his wish list.
    Your tips are very helpful- thanks!

  10. Paul (@luxury__travel) April 4, 2015 at 12:12 pm #

    Some great suggestions here. If you’re on a budget (or even if you’re not!), it’s always worth paying attention to exchange rates with different parts of the world and timing your trips to co-incide with those destinations which are more financially attractive. You can save yourself a small fortune by taking this into consideration.

  11. Anne-Laure April 4, 2015 at 4:34 am #

    Haaa, sadly I’m from Europe! But I’d say you can’t really compare Paris to Berlin, even if Berlin is more expensive than what it was a few years ago, it’s still NOTIHNG compare to Paris. But sure, Greece is super cheap and even super cheap accomodation, transportation, etc. are clean and good quality. It’s something you can’t real say about Paris.
    Have a nice day!

  12. Kathryn Burrington April 3, 2015 at 9:20 pm #

    The exchange rate is also great for us Brits wishing to travel around the rest of Europe and I should imagine these tips apply to us too. There are so many fabulous cities and villages to visit in Europe… Italy, Greece, France to name but a few, and such beautiful landscapes (not forgetting the lovely English countryside).

  13. Josie April 3, 2015 at 11:22 am #

    Hi Noel,

    Great advice. I’m hoping the exchange rate continues or at least levels off. Thanks for the useful and timely tips.
    Josie

  14. Mona April 2, 2015 at 9:43 pm #

    Hi 😉

    We had it the other way round in 2013 and loved our stay in the US. We found everything really cheap haha

    Great article and very interesting read!

    Mona

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