4A NEWS
THE UNIVERSITY OF HALY KANSAS
TUESDAY, MARCH 4, 2008
》STUDY ABROAD
Trips may come with larger price tag because of weak dollar
BY ANDY GREENHAW agreenhaw@kansan.com
For students planning to study abroad in Europe during spring break, every dollar in their pocket will only be worth about 67 cents once they get overseas.
According to xe.com, a Web site that tracks up-to-the-minute currency exchange rates, the dollar's value has dropped 44 percent since 2000.
Back then a dollar was worth $1.20 in Euros, the currency used in most European countries.
The dollar is now at its lowest
value against the Euro in the history of the Euro's existence.
Susan Gronbeck-Tedesco, director of the Study Abroad Department, said her department will be watching the fluctuation of the dollar's value the next three weeks.
If it continues down its current path, some study abroad programs may have to either reduce spending or look elsewhere for funding, Gronbeck-Tedesco said.
"We're going to try to take our excess costs out of the reserve if possible so that we can keep the advertised price for students, but if the costs are too great, we may have
to ask students to pay an additional fee,' she said.
Gronbeck-Tedesco said the option to raise program fees would be a last resort.
"I never like to ask students for more money," she said. "Once we put a budget together, we try to stick with that budget so that we don't drive students crazy with additional costs."
She said her department would only consider these additional costs for programs next fall because the summer programs will have their budgets already set before any financial decisions are made.
Gronbeck-Tedesco said the three biggest expenses for students traveling to Europe were transportation, housing and luxury goods.
Large cities like Rome, Paris and Brussels are the most expensive places to shop.
Ann Huppert, who will supervise a study abroad trip to Rome, said one way students could save money is by adopting local customs rather than sticking to their regular American habits.
One example of this, she said, is that Italians drink more coffee than Americans, making soda more expensive.
"You might pay the equivalent of nearly $4 for a can of Coca-Cola in a restaurant or bar," she said. "American students might want to change their habits while travelling since coffee is a much more inexpensive source of caffeine."
Corey Gray, a student in Huppert's group, said European thrift stores have been the focus of her research.
Edited by Sasha Roe
how the dollar's value stacks up:
"I will definitely be bargain hunting once I get to Rome," she said. "If they have coupons in Rome, I will find them."
Europe (Euro) - 66 cents
Great Britain (Pound) - 50 cents
China (Renminbi) - $7.10
Japan (Yen) - $1.03
Canada (Dollar) - $0.99
Australia (Dollar) - $1.06
Mexico (Peso) - $10.69
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