Tourists in Germany finding strong dollar to their advantage
FRANKFURT, Germany (AP) _ The dollar was so high against the German mark this week that even students could splurge. But for American tourists in Paris, the greenback bonanza wasn’t enough to counter high French prices.
The dollar reached a six-year high of 1.79 German marks this week: good news for tourists, who found everything from souvenirs to hotel accommodations more affordable.
Peggy Custer, from Corvallis, Ore., originally planned to tour Germany and Italy with just her husband and children. But at the last minute, she invited her parents. They could afford it with the favorable exchange rate.
In Frankfurt, Custer and her mother, Arlys Benson, took advantage of the weak mark to add teapots and espresso cups to their Villeroy and Boch dish collections.
In a department store on Frankfurt’s shopping mile, the Zeil, Custer purchased two sturdy, made-in-Germany jam jars with glass tops.
``Here these cost 32 marks (nearly $18),″ she said. ``In the states, you would have to special order them and it would cost twice as much.″
For shoppers, the dilemma is trying to figure out how to get their treasures home. But Robert Petrosky, an engineer in the steel industry from Glenshaw, Pa., worried more about the long-term effects of a strong dollar.
``I don’t like the idea of the dollar going up because that affects our industry,″ he said.
The German government, meanwhile, conceded that concerns about Europe’s planned 1999 single currency, the euro, could be fueling the rise in the U.S. dollar and British pound.
The dollar and pound rise ``could in part be an overreaction to the euro,″ as well as improving economic fundamentals in the United States and Britain, federal government spokesman Peter Hausmann said Wednesday.
Shirley Santora was herding a group of students from Chesapeake High School in Annapolis, Md., to the Frankfurt airport to catch a plane home.
``Two years ago we were really hurting,″ said Santora. ``This year I’m going home with extra money.″
``I had enough money to dye my hair!″ yelled one student. Hurrying away with the group, he pulled off a baseball cap to reveal a bright blue head.
Tourists in Paris didn’t seem to be nearly as enthusiastic, even though the dollar surpassed six French francs this week.
Bryan Pass of Los Angeles is getting one franc more for his buck than he did on his last visit to Paris. But he’s not overwhelmed, having to pay $4.16 for a beer.
``It doesn’t really make a difference,″ he said. ``Everything is a few dollars more expensive here.″
Josh Briwia of Seattle, visiting the Eiffel Tower, also didn’t see any deals in Paris.
``Even McDonald’s costs more here,″ he said.