Where to travel in Europe while the US dollar is strong

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When the euro and the US dollar reached parity in July, it was the first time that the two coins they could be exchanged for equal value in two decades.

For travelers, the news rang like a dinner bell, especially as the August peak season approached. two years of locks and border restrictions have Americans desperate to visit the mainland, eager to spend on shopping trips and splurge on five-star hotels.

But parity, which in its true sense was ephemeral; the exchange rate is now around 0.98 euros per dollar, which is not enough to guarantee good deals abroad. planning a trip Taking advantage of a new excellent exchange rate (in any currency) is a moot point if consumers don’t also factor in inflation, which varies wildly from country to country.

Across Europe, consumer prices have risen by nearly 9%, beating economists’ forecasts and showing no slowdown. Current predictions stipulate that prices will peak towards the end of the year and fall sharply in 2023. Until then, Travellers Looking to get a good deal it may be worth considering how inflation, and not just exchange rates, is affecting prices at each destination on your list.

In most cases, your $100 dinner bill will only swing a few dollars in either direction, and in many cases, inflation has offset dollar gains, producing a perfect wash. But there are exceptions where local economies have been more disrupted. At the extremes, consumers can save up to 59% on their vacation spending or spend an additional 7%.

Here’s a ranking of how much more or less your dollar will stretch on popular european destinations, taking into account the value of the currency and inflation. Calculations use the most recent Consumer Price Index data and exchange rates from August 8, all compared to pre-pandemic baselines (for both exchange rates and CPI) from the first week March 2020.

The best values ​​can be found at…

Turkey

In March 2020, $100 = 609 lira
In August 2022, $100 = 1795 lira
But with inflation, a meal that once cost 609 lira ($100)…
… now it costs 744 lire ($41)
59% less expensive

France

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €96 ($98)
2% less expensive

Expect to pay more in…

Iceland

As of March 2020, $100 = SEK 12,656
In August 2022, $100 = SEK 13,756
But with inflation, a meal that once cost 12,656 kroons ($100)…
…now it costs 14,743 crowns ($107)
7% more expensive

United Kingdom

As of March 2020, $100 = £77
In August 2022, $100 = £83
But with inflation, a meal that once cost £77 ($100)…
…now £86 ($104)
4% more expensive

Turkey is 59% less expensive (Source: Pixabay)

Spain

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €102 ($104)
4% more expensive

Netherlands

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €101 ($103)
3% more expensive

Belgium

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €100 ($102)
2% more expensive

Sweden

As of March 2020, $100 = SEK 936
In August 2022, $100 = 1017 crowns
But with inflation, a meal that once cost 936 kroons ($100)…
… now it costs 1040 crowns (102 dollars)
2% more expensive

Austria

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €99 ($101)
1% more expensive

Germany

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €99 ($101)
1% more expensive

There is no difference in what you will pay…

Denmark

As of March 2020, $100 = SEK 662
In August 2022, $100 = SEK 730
But with inflation, a meal that once cost 662 kronor ($100)…
… now it costs 728 crowns ($100)

Finland

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

Greece

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

Ireland

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

Italy

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

Norway

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

Portugal

In March 2020, $100 = €89
In August 2022, $100 = €98
But with inflation, a meal that once cost €89 ($100)…
… now costs €98 ($100)

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