We’ve said it time and time again – going to Walt Disney World is an EXPENSIVE vacation and it seems to become more expensive every time you turn around. It wasn’t always like that, though. In fact, until the early-to-mid-1990s or so, price increases for tickets, hotels, etc. generally only happened once a year (as opposed to the “1 or 2 times a year” we’ve seen in recent years) and they were only moderate increases, at that.
Have you ever wondered why they made such a shift in price increases during that time frame? I have. And fortunately, I dug around a bit and think I found out why…
When you’re traveling outside of your home country, figuring out how much things cost in relation to your home currency can be difficult. You need to know the current conversion rate between the two currencies and then apply that to the purchase price. Sometimes you can eyeball the price when it’s a simple ratio. US Dollars to Japanese yen is usually somewhere around 1:100:
If I was buying something that cost 1000 Yen, I’d know that’s about $10 or a little less. Things get a little more tricky when traveling to the United Kingdom.
If you’d see something that costs £100, it also costs $128 USD. So just think that everything is 30% more expensive than it appears to be and you’ll be fine.
Imagine if your hotel, or restaurant or gift shop offered when you handed them a credit card if you would like to pay for the charge in local currency or your home currency? If you’re tired of doing math, I’d bet you’d jump at the chance to pay the amount in your local money, right?
However, If you ever get this question, ALWAYS PAY IN LOCAL CURRENCY!!!
Happy Wednesday to all of our travel friends, both near and far! Here are some articles we’ve read from other bloggers (and other sources) that we think you may like, as well, so we’re passing them along.
Nearly 30 (Thirty? UGH!) years ago, comedian Jeff Foxworthy released a comedy album called, “You Might Be A Redneck If…” It peaked at #38 on Billboard. The album included a segment of examples of how you might be a redneck if you do these things. Here’s a TV spot with the routine from 1989:
Counterfeit money has been around for a long as money has been around. It’s big business, especially when you’re talking about money from Europe, the U.K. (even the coins! Which also explains why our money “expired”) China, India and many of the countries in the Americas.
Governments have gotten wise to counterfeiters and in recent years have made it more and more difficult for them to copy “official” bills (and coins). Which doesn’t mean the counterfeiters don’t keep trying. So here are some things to pay attention to and to look for when you’re dealing with foreign currency…
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites.
They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Please enable Strictly Necessary Cookies first so that we can save your preferences!