(WASHINGTON) — While a growing euro storm may be brewing, the dollar has increased in value — much to the delight of American tourists.
The trend over the past few months is clear: the dollar is worth more against the euro. And that means more bang for each tourist buck.
“Americans traveling in Europe have had a tough time with the weak dollar over recent decades,” says market analyst Alec Young. “But we do get bouts where the dollar firms up.”
“We’ve recently had a very nice run for the dollar and that would benefit the U.S. tourist traveling around the world,” he says.
With the euro woes expected to linger, this summer might prove to be a great bargain for Americans heading overseas.
Copyright 2012 ABC News Radio
Kathryn Vasel, CNN Newswire
Chris Isidore and Robert Mclean, CNN Newswire