<\/p>\n
There’s been alot of talk lately about the drop of the euro against the dollar. On Monday, the euro dropped to a four-month low, ending the day at $1.23, and analysts are predicting it could go lower, perhaps even dipping below $1.20 in the next few weeks<\/a>. So what does this mean for a Yank heading to Europe this summer?<\/p>\n Well, it’s certainly going to be cheaper than what it has been for the last few summers when the Euro ranged anywhere from $1.40 to $1.60. But what does that mean exactly? How much cheaper? Am I finally able to upgrade from that hostel bunk to the Mandarin Hotel with my valuable greenback? So long Ramen, hello foie gras? How many question marks can one paragraph have?<\/p>\n One of the best ways to figure out how far your money’s going to go, no matter where you go, is what is called The Big Mac Index. This index, which was introduced by The Economist<\/em> in 1986, compares prices of Big Macs in various countries against the dollar, thus showing its purchase power in that particular country (and also showing how that exchange compares to its actual exchange rate). So what’s it say now?<\/p>\n