What should travelers do in order to make the most of their American dollar? Experts offer some opinions.
On May 21, the U.S. Dollar’s power is volatile. It fell for a third consecutive day against several different currencies. The American tariffs will likely continue to impact the value of U.S. currencies. According to CEPR, an organization that provides policy-relevant economic research, the prevailing theory is that tariffs on imports will put upward pressure on a country’s currency.
Jonathan Hartley, Alessandro Rebucci and others wrote in Taxes, Dollar and Equities – High Frequency Evidence From the Liberation Day Announcement“The response should be amplified leading to a sharper initial appreciation in the local currency.”
That said, President Donald Trump’s tariff policies are a major factor in the fall and fluctuation of the U.S. Dollar Index, which had tumbled to 97.9 in late April—the lowest in slightly more than three years. At the time this article was published, the dollar index stood at 99.49 despite the three day decline. The Euro and Japanese yen both strengthened against the US dollar. reports Reuters.
What does it mean for summer travelers?
In the 2025 Bankrate Summer Travel Survey, less than half of Americans have even considered summer travel. The following are some of the most effective ways to improve your own language skills. The main reason for not booking summer vacations is the high cost. 65 percent of respondents cite this as their primary concern. Only 46 percent of respondents plan to travel. Of these, 38 percent will choose domestic locations, and 15 percent international.
The survey revealed that 25% of U.S. adults have no plans for a summer holiday at all.
Uri KOGAN, a frequent flier based in San Francisco Bay Area said: “It is getting more expensive.” “We went to London just last week so it was on mind.”
Ted Rossman, senior industry analyst at Bankrate, says that if you are planning to travel soon, it is best to book. Rossman stated in the survey that “it also pays to zig while others zag.” Consider visiting a destination in its shoulder season, or even off-season. Take an early flight or a late flight or a connecting flight—or fly midweek.”
If you are planning a summer beach vacation, it’s important to consider the volatility of the U.S. currency before taking on debt. Many experts believe that conditions will worsen, even though no one knows for sure. That’s why it’s going to be important—as Rossman suggests—to shore up payments on the earlier end.
Rossman, however, said that all of this should not stop you from taking some time out for yourself. He said that in the survey: “Don’t let your vacation go unused.” “Take some time off at least to relax and recharge.”
