Most island currencies are pegged to the ailing US dollar, but the euro is at record highs.

The dollar isn't doing well against many other currencies, especially the euro, which in 2002 was worth only 88 cents on the dollar.

What this means:

For Americans, it's a lot more expensive to go vacation in Europe and elsewhere. But prices in the Caribbean are the same because most Caribbean currencies are pegged to the dollar in some way.  The Eastern Caribbean Dollar (or EC, as it's called) remains around EC2.75 for US$1. One Cayman dollar (CI) is still worth US$1.20.

But for Europeans, a Caribbean vacation is an even better bargain because the euro is at record highs.

Although air fares may not have changed much, but Europeans should consider hotel room costs, meals, tours, etc. The Caribbean has never been cheaper!

Of course this situation won't last. The value of currencies consantly change.

If you've ever considered a Caribbean vacation, the time is now.

Return to GTCV Homepage

Return to Caribbean Travel Details Homepage