If you're traveling to Europe in the next few months and can be reasonably sure of your plans, this may be a good time to prepay some of your expenses such as rent, car rental (especially since most agencies offer a prepay discount). the reason? The Euro has fallen below $1.20 for the first time since 2010 (at the moment of writing, on Jan. 15th) it's about $1.16.
There's no guarantee that the drop won't continue, but historically it doesn't stay low for very long—and compared to a rate of $1.34 to the Euro only last August, this may be the time to close the deal.
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