The value of the US dollar has risen sharply this year compared to currencies of many other countries including the British pound, the Japanese yen, and the euro reports Fidelity Investments. The dollar is at its highest level in 20 years against other major currencies while the pound is at its lowest level against the dollar since 1985, the yen is at its lowest point since 1998, and the euro is worth less than the dollar for the first time since 2002.
The dollar is strong because the US economy is healthier than those of many other countries and because the Federal Reserve keeps raising interest rates continued the financial services company in What the strong dollar means for you.
Perhaps the only clear winners if the dollar stays stronger for longer may be those fortunate enough to be planning trips abroad. Whether it is a trip to Egypt or Greece, both Bernadette Champion at Champion Services Travel and Ruth Bridges at Aviva Travel say that you're nearly certain to get more for less. Here are their upcoming non-American tours.
Champions Services Travel