Europe is cheaper for American travelers than it’s been in years – here’s how much you can save right now

This spring, you’ll get more baguette for your money.

Americans traveling to one of the 20 countries within the European Union’s Eurozone — including Italy, Portugal, Spain, France and other destinations popular with overseas travelers — can expect to save significantly over the coming months.

With the current exchange rate of $1.03 to €1.00, finding a travel deal on the continent is easier than it has been in years – compared to late September 2024, when you paid around $1.12 for €1.00, you’re getting a discount of nine cents on every dollar right now.

According to Afar, that means a hotel that would cost around $280 will now cost $256 — at least for now.

All of this is subject to fluctuations of course, but it looks like we’re on a savings streak that we haven’t seen since the pandemic.

And there’s no need to rush to buy a plane ticket – the favorable exchange rate can be with us for a while, and maybe even improve, according to epxerts.

“The US dollar has continued to defy gravity, rising 7% in 2024 despite two Fed rate cuts,” according to a recent report released by JP Morgan Asset Management.

The dollar is expected to remain strong in 2025 for a number of reasons, analysts said.

Closer to home, it also means big savings north of the border – after a year-long downward slide, the Canadian dollar is worth about $0.69 to the US dollar.

Last September, the USD was worth about 0.74 Canadian dollars.

And the news is good for UK travelers too – those paying in British pounds will currently see the same savings you’ll enjoy across the Channel.

As opposed to paying around $1.33 for each GBP, you will now pay $1.22.

Traveling in the next few months can save you even more money, with popular destinations along the Mediterranean, for example, costing a fraction of what they might cost during the peak summer months, where a growing number of Americans are competing with the crowds of Europeans taking their annual vacations in July and August.

Known as the “shoulder season”, the months of March, April and May – as well as September and October – often feature spectacular weather, with some of the crowds. Not to mention the cost.

In the sunny Algarve coastal region of trendy Portugal, for example, the same rooms that sell for around $250 a night at a classic resort known as Brisa Sol in Albufeira can be booked for $50 a night, sometimes even less.

And within walking distance of the center of fashionable Antibes in the south of France, a serviced B&B hotel—a European chain that anyone interested in affordable travel should know about—will cost around $180 in the summer, down from just $80 in early spring.

Other parts of the world that currently favor the American traveler include Japan, where you have generally been on a downward slide for several years now.

Last year, The Post reported that a trip to Tokyo would now cost someone paying less in dollars than a visit to the Big Apple.

Meanwhile, in December, a report found that prices were rising faster in NYC than in 12 other major US cities — the biggest increase since inflation-ravaged 2023.