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Americans expats feeling the squeeze in Europe
Iva recently wrote about Europeans coming to New York for the holidays because of the exchange rate, and earlier I pointed out that airlines are happy to help along their travel plans.So it only makes sense that Americans in European are getting the rough end of the deal. I just came across this anecdote from an American who gave a little girl begging for change a dollar.
"I don't want this. This is nothing," said the child. Yikes!
It seems that American expatriates everywhere (although it's particularly bad in Europe) are feeling the crunch as the dollars they're holding are worth less and less. The decline in the last six months has bee especially bad. Case in point: the Canadian dollar is now worth more than the American version. Ouch.
Filed under: News
Reader Comments (Page 1 of 1)
Jamie Dec 18th 2007 5:44PM
it's been worth more than the US dollar for quite a while....you're gaining on us now, but not quickly.
me Dec 18th 2007 2:49PM
Having just gotten back I can relate- the 5 euro cab ride is now $8.00, the 8.00 Prado ticket is now $12.00 it all adds up. I found myself trimming a lot of fat, walking from train stations with my bags, deciding to not pop into that 2.0 euro admission attraction, not to buy the 5 euro guide, ect. Over all I spent less money than when I went in 2004 - by looking for cheaper hotels, and investigating the best credit card to use. So on the upside if you really economize you can minimize the effect of the weak dollar.
GregorS Dec 18th 2007 6:29PM
The Canadian dollar is not currently worth more than the US dollar and hasn't been since November 30th.