This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stronger Dollar Puts Vacations Within Reach

Sunbirds should consider the southern hemisphere, where summer is about to begin. Australia's dollar recently hit a five-year low of about 60 cents to the U.S. dollar. What's more, airlines are offering unusually low airfares to the island: Round-trip flights from Los Angeles to Sydney have been going for less than $800. Parsons says he can't remember when traveling to Australia was a better deal: "Not only are we getting more bang for our buck when we go there, we are also getting more bang for our buck on the airfare."

South Africa has plenty to attract adventurous types, from safaris in the nation's vast national parks to some of the best surfing in the world. The country saw its currency fall more than 40% against the dollar in the past year. Last summer you would have needed about $70 to pay for a one-day "surf tour" that cost 500 rand. At current exchange rates, you could budget about $45. Getting to South Africa is still pricy, though, usually upward of $1,200 round trip from New York.

Brazil, Denmark and Argentina are among the other destinations where your dollar will stretch surprisingly far. As a rule of thumb, the countries suffering the most from the economic crisis tend to offer the best deals for travelers.

Americans won't find their dollar stretching further everywhere. The Japanese yen has strengthened considerably against the dollar, and airfare to the island remains steep. Most Caribbean currencies are closely tied to the greenback, which means travelers to the islands don't have much to gain from a stronger dollar. That said, many resorts and travel companies are slashing the prices on travel packages to avoid losing business during the economic downturn.

If you're longing to take that dream trip, now could be the time to pull it off with minimal impact on your wallet. Just keep in mind that current conditions might not last long: The dollar could sink just as quickly as it regained its footing.

Zack Anchors is a freelance writer from Portland, Maine.
2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs