Foreign Exchange American travelers abroad this winter will have to use greater judgment than heretofore in the exchanging and spending of money, for the fall of the dollar has been to the disadvantage of the tourist. In the past few seasons, the American traveler has reaped the benefit derived from the exchange of his dollars for the depreciated currencies in several countries. But the tables have been turned in a number of countries, and the American traveler accordingly finds himself paying considerably more than he did a year or two ago. This increase holds in Great Britain, France, Germany, Italy, Belgium, Holland and Switzerland. The exchange rate of a number of currencies, however, is still below par, thus favoring the …
Posts tagged "money"
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