Here's how much more your next trip to Europe or Japan will cost thanks to the weak dollar

Big Ben and the Houses of Parliament in London.Andrew Aitchison/Getty ImagesA weaker dollar means more expensive vacations to Europe and Japan this year.The buck has fallen by 7% to 10% against the euro, pound, and yen since January.Hotels, dining out, local transportation, and entertainment could all cost more in dollar terms.Vacations in Europe or Japan this summer are poised to cost you more than you might have expected due to a weaker US dollar.In mid-January, a buck was worth 0.98 euros, £0.82, or 158 yen. Now a dollar is worth 0.88 euros, £0.75, or 143 yen, representing declines of around 8% to 10% relative to the European, British, and Japanese currencies. The dollar is now trading at about a three-year low against the euro.The greenback has most recently lost ground because of President Donald Trump's tariffs, which have reignited fears of inflation and recession and soured investors on US assets.The dollar's depreciation threatens to squeeze travelers' budgets this summer. They're poised to pay more in dollar terms for everything from accommodation and dining to local transport and entertainment.Here's a breakdown of how much a vacation costs at the current exchange rate compared to January's peak, based on two travelers visiting at the start of June:Hotel for five nightsPark Plaza London Westminster: $1,869 vs. $1,714Hôtel 31 — Paris Tour Eiffel: $1,687 vs. $1,524The Royal Park Hotel Iconic Tokyo Shiodome: $1,680 vs. $1,500The London Eye is a big attraction for many visitors.Krisztian Elek/SOPA/Getty ImagesDinner at a restaurantThe Ivy Market Grill, two Sunday roasts with a bottle of wine and service charge: $150 vs. $138Bistrot Paul Bert in Paris, two beef fillets with fries, a bottle of wine, and service charge: $149 vs. $135Maisen Iridori, two bento boxes and a bottle of chardonnay: $49 vs. $44The Ivy Market Grill in Covent Garden, central London.Keith Mayhew/SOPA/Getty ImagesLocal transportationOne-day London Travelcard: $21 vs. $19Paris Metro Mobilis day pass: $23 vs $21Tokyo 1-Day Ticket: $11 vs. $10Mount Fuji and the Tokyo skyline.Jackyenjoyphotography/Getty ImagesEntertainmentGood seats to see "Mamma Mia!" in London's West End: $340 vs. $312Tickets to see the "Moulin Rouge" in Paris: $303 vs. $274Tickets to Asakusa Kaguwa Cabaret Show: $77 vs. $69Le Moulin Rouge is in the Pigalle district of Paris.Daniel Pier/NurPhoto/Getty ImagesThese examples suggest a pair of travelers can expect to spend $150 more a week on hotels, an extra $10 on a nice meal, a couple bucks more on public transport passes — and as much as $30 or $40 more on a show than they would have paid at January's exchange rates.David Rosenberg, the president of Rosenberg Research and the former chief North American economist at Merrill Lynch, told Business Insider that the dollar's weakening could deter some Americans from traveling to places such as the UK and Europe.He said that households might scrap their travel plans as recessionary pressures mount."Something tells me that the typical family vacation this summer is going to involve a bat, ball, and baseball glove in the backyard," he said.Read the original article on Business Insider

Comments

Business News

Amazon launches its first internet satellites to compete against SpaceX's Starlinks

I've spent hundreds of hours on Amtrak trains. I always prepare for these 5 mishaps that can make journeys more difficult.

about 17 hours ago

3 days in the office is the sweet spot — any more and staff start disengaging from work, PwC HR boss says

Comments

Business News

Amazon launches its first internet satellites to compete against SpaceX's Starlinks

DWP clarifies Universal Credit rules for holidays – payments could stop unless you do this

The Crusader: PCN error based on faulty camera drives husband to despair

French train lovers targeted in new 'first-of-its-kind' VisitScotland campaign

Appeal bid for ‘coffee stops’ on Scotland-England border rejected

Boutique hotel and restaurant in historic Scottish location goes on market

White House blasts Amazon over tariff surcharge label: ‘This is a hostile and political act’

Trump to ease blow from auto tariffs by giving car makers exemptions on steel, aluminum: report

UK’s oldest Indian restaurant with Michelin star at threat of closure pleas with King Charles to keep it open

Have you been underpaid the state pension? Use simple tool to find out as DWP pays back £800million

Huge rule change for banks after over 400,000 had accounts closed last year after Farage scandal

Is Declan Rice The Best Midfielder In The World Right Now?

A New Study Shows How Gen AI May Transform Access To Mental Health Services

Climate Change Serendipity: A Bordeaux Grand Cru Winery Makes Authentic Japanese Soy Sauce

Maury Povich Has Some Thoughts About The Media Business Today

Calling AI To The Grocery Aisle

Russia’s New Jet-Engine Drone Aims To Break Through Ukrainian Defenses

Donna Summer Debuts A Decades-Old Album On Several Charts

Led Zeppelin’s Biggest Hit On The Charts Was Never Actually A Single

Bob Marley’s Bestseller Bounces Back To The Charts In A Big Way

Kentucky Derby 2025: Journalism, Sovereignty, And Rodriguez In Works

Three Different Beatles Albums Chart This Week — And Two Of Them Return

Birmingham lorry drivers’ pay cuts ‘an escalation’ of bin strike, union says

Richard Caring's Ivy Collection of restaurants serves up record sales and profits

'My wife lost her job and we're buying a house - do we need to tell our mortgage provider?'

The councils dishing out most (and least) fines to parents over holidays

'So sad' say shoppers as major toy retailer set to close store this weekend

'I love the original Wonderskin lip stain so much I bought the new shade to see if it's as good'

M&S stores left with empty food shelves as it continues to battle cyber attack

Top Tech: Giffgaff is dishing out £100 to try its new broadband to rival Sky and Virgin

Where Arsenal vs PSG is on TV for free as Champions League game not on TNT Sports

Garnier hyaluronic acid-infused SPF50 gets a 'better than £10 Tuesday' saving in Amazon deal

M&S cyber attack that crippled stores is 'linked to gang of teenage hackers'

Tesco shoppers told to act before May 31 as supermarket issues alert

'Fantastic' kids mini trampoline is reduced to £68 from £200 in time for the heatwave week

‘Next has a £24 fragrance that smells just as good as my favourite Chanel perfume’

THG sales hurt by beauty weakness but nutrition shows recovery

New electric car MOT tests could be introduced in Britain - here's why

Trainer prices will rise due to tariffs, says Adidas

I've spent hundreds of hours on Amtrak trains. I always prepare for these 5 mishaps that can make journeys more difficult.

3 days in the office is the sweet spot &mdash; any more and staff start disengaging from work, PwC HR boss says

Inside the first week back at JPMorgan's largest US office, from the memos to the jockeying for desks

Ray Dalio warns that the international world order is on the brink of breaking down

’Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate

Tens of thousands of Los Angeles County workers begin 2-day strike

Landlocked Sahel states back Morocco's sea access initiative

Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs

Top five easy access Cash ISAs paying up to 5.71% interest

Two DWP changes to the state pension from next year that mean payments will drop

DWP and HMRC payment date changes to be aware of

Angela Rayner’s workers overhaul could cost jobs, claim store bosses

Hiltzik: Inside the GOP's secret plan to destroy Medicaid

Tony Lam was an original influencer in Little Saigon — and he's still got it

Edison told the government that Calderon was an 'executive.' Now it claims she wasn't.

Adidas cautions over higher prices and halts outlook upgrade due to tariff woes

Oil refining comes to an end in Scotland as Grangemouth halts processing work

Ladbrokes owner appoints interim chief Stella David as permanent boss

Around 150 jobs at risk as ABF warns bioethanol plant could close

Sky internet went down leaving hundreds of customers with broadband issues – how to check your area

Thousands of Tesco Clubcard holders need to act now to avoid losing vouchers

3 days in the office is the sweet spot — any more and staff start disengaging from work, PwC HR boss says