For Americans who see Europe as a popular travel destination, the near 1-to-1 ratio means they will not only have an easier time deciphering prices, but also greater spending power when visiting such euro zone destinations as France, Germany, Spain, Italy and Greece.
The currency dynamics could benefit Americans traveling outside the euro zone, too. The U.S. dollar is also up against the Mexican peso, the Canadian and Australian dollars, and the South Korean won over the last month. Here are some of the ways this could affect consumers, businesses and travelers.