NEWS WIRE CURRENCY APPRECIATIONParis Just Got Cheaper for American Tourists

Paris, France. Americans may discover some bargains in Paris this summer. Since the beginning of the year, the U.S. dollar has strengthened considerably, making everything in Paris a bit cheaper. In February a dollar bought 0.80 euros; today, the same dollar is worth 0.88 euros. What does that mean for American tourists? Admission to the Eiffel Tower still costs 10 euros, but the dollar price has dropped from $12.50 to $11.36. Tickets to the Louvre museum (15 euros) have fallen from $18.75 to $17.05 for American tourists. And for big spenders, the fixed price of the gourmet lunch at Le Cinq has fallen from $250 to a mere $227. Vive la Paris!

Source: Federal Reserve Board of Governors, August 2018.

By what percent did the dollar price of a euro fall between February and August 2018?

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