With Black Friday on the horizon there’s no time like the present to make the most of the strong US dollar. For the last few months, the American dollar has been holding strong against other currencies like the euro, making that dream trip to Europe all the more attainable for US consumers. Better yet, if you jump on Trafalgar’s Black Friday travel sale you can snap up great deals and lock in an incredible trip abroad for 2023. Here’s why you should make the most of a strong US dollar to travel abroad, and how to use it to your advantage with Trafalgar’s Black Friday travel deals.
GET INSPIRED BY: Black Friday Travel Deals
What does a strong US dollar mean?
Right now the US dollar is worth more when compared to other currencies. On its own, it’s just a currency – but when compared to the euro or pound the US dollar is considered stronger.
The dollar is strong in part thanks to the American Federal Reserve’s response to inflation, and other currencies are weaker due to world events, such as Russia’s war on Ukraine causing higher energy costs in Europe, Japan’s lower exports, and China’s zero Covid policy. Right now, the stable greenback is one of the best currencies to bet on.
It’s all about supply and demand, and when global investors buy up US dollars they sell off other currencies and weaken their value.
Who benefits from a strong US dollar?
American consumers and travellers! Eyeing up a shipment of Bordeaux wine? If you purchase something in euros, pounds or yen you’ll find the prices now are cheaper when compared to last year. The high dollar is giving regular US citizens more buying power in the global market, which makes now is a great time to take advantage of the strong dollar and book travel for 2023. Better yet, jump feet first and lock in a great Black Friday travel deal to save even more.
RELATED BLOG: See our Editor’s picks from our Black Friday sale
$1 = €1
Just one year ago you would have to give up $1.17 to receive €1. That puts an extra 17c back in your pocket for every dollar you spend in Europe. Right now you can also purchase a British pound for $1.15, while last year it would have cost $1.37. It’s a similar story with the Swiss franc, the Japanese yen and Canadian dollar. Those savings can be enjoyed by regular Americans, especially those who venture abroad in 2023.
With Trafalgar’s Black Friday travel deals you can save an extra 15% on worldwide 2023 tours, leaving even more money in your wallet to spend on souvenirs and gelato.
Who wins when the dollar is strong? Your vacation
Dreaming of eating pasta in Italy, watching flamenco dancing in Spain, scoffing down a pastel de nata in Portugal, or clinking steins in Germany? Right now American travellers can take advantage of the strong dollar, which is hovering around parity for the first time since 2002.
A strong dollar means that bucket list trip abroad is suddenly more attainable. Swap your USD one-for-one with Euros and enjoy the great value the exchange rate currently provides.
If you’re planning a big trip in 2023, it might be wise to lock in your trip now (hello Black Friday travel sale!) or get your spending money ready and exchange some valuable dollars for other currencies today. Whatever your travel plans in 2023, those playing with dollars will get more for less – and those ready to book can save an extra 15% with Black Friday travel deals on dozens of popular trips.
GET INSPIRED BY: Black Friday Travel Deals
Ready to make the most of 2023? We’ve gathered the inspiration you need for an adventure next year and Trafalgar’s Black Friday deals will help you get there. Leave us a comment with where you’ll explore next year….