The rise of the dollar is making 2015 look more and more like the perfect year for Americans to see the world and cross some faraway places off their bucket lists. The Washington Post reports that the U.S. dollar is getting stronger as the economy revives—and it’s likely to soon be stronger than the euro. And it’s not just Europe, either:
The U.S. economy is doing well enough that it’s getting ready to raise rates, and the rest of the world is slowing down enough that it’s cutting them. Indeed, the not-so-short list of countries that have eased monetary policy the past few months, some of them multiple times, includes Australia, Canada, Chile, China, Denmark, Egypt, India, Indonesia, Israel, Peru, Poland, Singapore, Sweden, Switzerland, Turkey and, above all, the euro zone.
The dollar, moreover, may rise even more—with the Euro reaching perhaps as low as $0.85 by 2017. As the Post points out, these rates are bad news for companies trying to sell products abroad, but it’s very good news for Americans looking to travel more cheaply. The FT has more, focusing on the currency decline in places like Brazil and South Africa. Based on these currency prices, 2015 looks like the right year to make that Italian tour you’ve been dreaming about, or go on a trip-of-a-lifetime safari in South Africa, or perhaps see Rio and Igauçu Falls.Most readers of this site are interested in foreign policy and understanding world events, and the best way to learn about the world is to combine reading and intelligent travel. With King Dollar back on the throne, at least for now, and oil prices low, this is looking like one of the best opportunities in a long time to do some serious learning by traveling on a budget. To help you with that we’ll be sharing some of our favorite itineraries and reading lists during the coming year in countries that a) matter to serious students of world politics b) are interesting and rewarding travel destinations and c) are particularly affordable right now.