Dollar Gains Strength

International travelers might benefit from stronger dollar

If you're thinking about traveling to Europe or Great Britain this fall, and you can find an affordable air fare, you might want to jump on it. The dollar closed stronger against the 15-nation euro than any time in the last seven months (closing at $1.00 = .69€) and also rising against the British pound (closing at $1.00 = £.65). When my husband and I visited England earlier this year, the dollar-to-pound ratio was practically two to one. The current exchange rate doesn't approach the strong dollar that American travelers benefited from several years ago, but it is more favorable to travelers than it was earlier this year. What goes up can go down again, so if you have the time and the budget to go overseas, this might be the time to do it.