Planning a vacation in Europe? This summer may be the perfect time to do so. The US Dollar is gaining grounds against the Euro and getting closer to parity. As of the middle of January 2015, the Euro has fallen 14 percent for the year and now stands at $1.17 per Euro. The slide of the Euro still keeps continuing and expert believes it will continue for the entire 2015. There is a chance that it may hit lowest level in years soon.
The European Central Bank (ECB) started a bond buying program similar to the quantitative easing (QE) program that was in effect for several years in the US. The ECB believes that a weaker Euro could boost its economy and tame inflation.
Weaker Euro is more beneficial for travelers to Euro Zone from the US and elsewhere. Unfortunately, it will not result in lower airfare. But it will help paying for hotels, visiting sites, travelling within the European Union, food and lodging cheaper. So, if you were planning a trip to Europe this may be the time to do it. Take advantage of the weaker Euro and travel as much as possible within the Euro Zone.