|
|
|
|
Research and Compare Hundreds of
CD-Type, Fixed and |
Questions?
Give us a Call |
|
|
| ||||||||||||
|
The Dollar and Overseas TravelIf you are among the 58 million Americans planning to travel outside the United States this year, the strength of the dollar could make a difference in your destination, your hotel, and where you dine.¹
A weak dollar means your stay in Paris — lodging, meals, souvenirs — will be more expensive. Of course, the reverse would also be true: When the dollar is strong, your travel dollars would stretch further, and items in other countries would seem less expensive. For international travelers visiting the United States, a weak dollar means U.S. goods and services are less expensive than in their home country. This could translate into more spending while they visit the states. As the dollar fluctuates in foreign markets, it affects everything from the national deficit to the cost of imports to travel expenses. Understanding the relationship between the dollar and other currencies may help you with your approach to spending and investing. 1) U.S.
Department of Commerce; International Trade Administration, 2004 |
Send email to
webmaster@annuityadvantage.com with
questions or comments about this web site.
|
|
The
dollar has been steadily losing value against several foreign currencies,
including the euro and the Japanese yen, since February 2002.² Economists
expect the dollar to continue its decline, weakening against the euro through
the first half of 2005.³
