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Sunday, December 21, 2014

Surging Dollar Boosting International Tourism

Above, Fukuoka Tower. Photo by Armand Vaquer.

The current surge of the U.S. dollar against several foreign currencies is making international affordable for U.S. travelers.

According to CNBC:
It may be time for U.S. tourists to pack their bags for destinations abroad—and they have the dollar to thank. 
On Friday, the U.S. Dollar Index hit its highest level since March 2009. The greenback's strength against other major currencies has presented opportunities for American travelers to jet off to more exotic places. The dollar's bull run, especially against European and Asian currencies, has made buying goods and leisure travel more affordable in those countries.
This includes visiting Japan. They wrote:
The U.S. dollar has appreciated more than 14 percent over the Japanese yen in the last year, making food, hotels and even electronics cheaper for American travelers in Japan.
To read more, go here

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