The facility of the U.S. greenback is unstable, falling for a 3rd day in opposition to a number of currencies on Could 21. American tariffs are anticipated to additional take a toll on U.S. forex values. In accordance with European nonprofit group CEPR, which offers policy-relevant analysis primarily based in financial concept, prevailing concept holds that import tariffs ought to place upward stress on the tariff-imposing nation’s forex.

“If international commerce is essentially invoiced in a dominant forex such because the U.S. greenback,” Jonathan Hartley and Alessandro Rebucci wrote in Tariffs, the Greenback and Equities: Excessive-Frequency Proof from the Liberation Day Announcement, “the response ought to be amplified, resulting in an excellent sharper preliminary appreciation of the house forex.”

That mentioned, President Donald Trump’s tariff insurance policies are a significant component within the fall and fluctuation of the U.S. Greenback Index, which had tumbled to 97.9 in late April—the bottom in barely greater than three years. (On the time of publication, the greenback index is at 99.49 amid the three-day decline.) On the similar time, the Euro and the Japanese yen strengthened in opposition to the greenback, reports Reuters.

What precisely does this imply for vacationers making their summer season plans?

The 2025 Bankrate Summer time Journey Survey discovered that lower than half of People even have summer season journey plans, with 65 p.c of that quantity citing affordability as the primary problem. Of these surveyed, simply 46 p.c plan to journey in any respect, with 38 p.c selecting home areas and 15 p.c going worldwide with a margin of overlap.

Furthermore, the survey discovered {that a} quarter of U.S. adults aren’t planning any summer season trip in any respect.

“It’s getting much more costly,” Uri Kogan, a frequent traveler primarily based within the San Francisco Bay Space, mentioned. “We simply went to London final week, so it was on my thoughts.”

When you’re seeking to journey, Bankrate senior business analyst Ted Rossman mentioned to e book sooner somewhat than later. “It additionally pays to zig when others zag,” Rossman mentioned within the survey. “For instance, take into consideration visiting a vacation spot throughout its shoulder season or offseason. Take an early flight or a late flight or a connecting flight—or fly midweek.”

As well as, should you’re making summer season journey plans, you’re going to wish to take the volatility of the U.S. greenback under consideration earlier than going into debt for that seashore trip. Whereas nobody really is aware of whether or not situations will enhance or deteriorate, many specialists are leaning towards the latter. That’s why it’s going to be vital—as Rossman suggests—to shore up funds on the sooner finish.

Nevertheless, Rossman mentioned don’t let all this deter you from taking time to your self. “Don’t let your trip time go unused,” he mentioned within the survey. “If nothing else, take a while off to loosen up and recharge at dwelling.”