A euro abroad is not the same as a euro at home. Depending on the country, you can sometimes get more or less value for the same amount. The higher the purchasing power of our euro is in other countries, the more holidaymakers can afford there. If you want to save money on holiday, you can take the purchasing power of the local currency into account when choosing your destination. It is advisable to take a closer look at where the euro is worth a lot compared to Germany.
For example, this year there are more than twice as many goods and services available in the top holiday destinations in Europe. According to a list compiled by the Association of German Banks, destinations in Eastern and Southeastern Europe are particularly worthwhile this year when it comes to your wallet.
To calculate the purchasing power of the euro in non-German European countries, the different general price levels are not only compared, but also offset – in non-euro countries also with the exchange rate. Depending on the economic strength and wage level of the country you are travelling to, there are differences – even between countries with the same currency. Due to different wage levels, the effect is usually greater for services than for goods.
Source: Stern
