Abroad, one euro can be worth significantly more for German vacationers than at home – but also far less. Which goals tear a particularly big hole in your vacation budget?
Ssummer time is travel time. The first school holidays have long since begun, and so more and more German holidaymakers are swarming all over the world or through their own country these days. Others are still thinking or making spontaneous decisions. The value of the “German” euro abroad or the change in exchange rates, especially for individualists who plan their own trip and want to discover the world on their own, can be very important when planning a vacation. Accommodation, meals, entrance fees or the colorful T-shirt you brought with you and other souvenirs are usually paid for in local currency. And outside of Germany, 1 euro is rarely really worth 1 euro, especially since the differences are sometimes considerable.
Many a dream destination can put a strain on the travel budget, even if, for example, the large volcanic island of Iceland, with its unique, bizarre beauty and extraordinary nature, should compensate for many a hole in your wallet. According to calculations by the OECD, 1 euro only has a purchasing power of 62 cents this year (see grafic). Iceland continues to be one of the most expensive holiday destinations for German citizens. These calculations are based on the prices for a general shopping basket that is not specifically tailored to holidaymakers, but to normal life in the respective country.