Recently the euro has dropped considerably, in a way that has not been seen for 20 years. The fall was 1.95%, with a value similar to that of the dollar. For anyone looking to travel abroad, this should be a great opportunity, but caution is needed, according to some experts.
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Despite the devaluation of the euro, high inflation can greatly affect the traveler's finances. That's because inflation is affecting the whole world, and especially Europe.
The euro has shown an inflation of 8.6% over the last year, and is considered to be the highest level in the history of the currency. Therefore, even though the euro has fallen, inflation has increased the value of accommodation, transport and food in the countries in question. This can derail the travel plan of those who are counting on the drop in the currency.
But due to the agility of the market, travel platforms are adapting to the changing economic scenario, to offer better options for travelers. So anyone who wants to take advantage of this scenario to travel, it is good to pay attention to these three tips:
Buy currency in cash
Using the global accounts of financial institutions, it is possible to buy the currency at the commercial exchange rate, which is usually more advantageous in relation to the tourist exchange rate. The scenario is even better for those who have dollar reserves, as it is possible to buy a larger amount with less money.
Buy currency in fractions
If you are not going to travel so soon, the ideal is to buy the currency little by little. This avoids the risk of the value changing, as you never know what the future scenario will be like.
Do your research well before your trip.
Researching travel destinations well can lead to good savings, as although inflation is widespread, some countries have not been so affected by price increases. So the ideal is to compare the products that will be consumed on the trip to draw a more affordable itinerary.
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