This is fabulous news!! And to think I was excited when the exchange rate reached 1.22! Hopefully, by the time I get to Spain in September the exchange rate will be close to equal. All the things I can buy then! Yeah!

XE.com places the Euro as:
1.00 EUR Euro = 1.20843 USD United States Dollars
1 EUR = 1.20843 USD 1 USD = 0.827520 EUR

However, we will soon be getting a new head of the Federal Reserve. If the new head continues to raise the U.S. interest rates then the dollar will continue to rise, and perhaps do better for travellers. Read this article by Bloomberg;

http://www.bloomberg.com/apps/news?pid=10000103&sid=akk818hBbzoE&refer=us

A little better! (for us in the US traveling to Spain) Today, 1.00 Euro = $1.18 .

Saludos, MadridMan

Today, an american will have to pay $1.18 to get 1 euro.

I remember the first time I went to Spain in the summer of 1984. WOW!!! The dollar was super-high and the peseta was very low. We were getting about 250 pesetas to the dollar. We were living like kings. We didn't even bother to take the Metro. We just took taxis.

Oh, those were the days!!!!!!!

Today, 1 Euro = $1.166 USD!! Little by little it's going down...

Hey Guiri.

I remeber and long for those days. You could literally party ALL night long in Madrid for US$30.00 and still have pesetas left over for breakfast. Twenty dollars was enough to take a date out for dinner and a few hours of copas.

I don't think I could party for two hours on $30.00 now.

TJGuy: Because of the exchage rate, you could not party alnight on $30.00 when I was there in the early '70s. That is why so many dudes were so active in the black market. Certainly not the Desert Dweller.