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Here’s what that means for travelers

The value of the euro relative to the U.S. dollar has sunk near a two-decade low — and that’s good news for Americans traveling to Europe this summer.

A favorable exchange rate means travelers’ dollars will go further when making purchases abroad.

“Right now, your money goes further in Europe than it has in quite a few years, and it’s a great time to have that dream trip you’ve been putting off to Italy, France or Spain,” said Kate McCulley, a travel writer who lives in the Czech Republic and publisher of travel site AdventurousKate.com.

Parity approach ‘is like getting a 15% discount’

Not all European countries use the euro — it’s the official currency for 19 out of 27 European Union members.

Those countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and…

Read more at www.cnbc.com

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