It might be difficult to swing a plan for a summer trip, considering how high flight prices are expected to soar. If you've always wanted to travel to Europe, now is the time because the euro is on par with the dollar.

The euro is expected to reach a one-to-one ratio by the end of the year, according to the New York Times. In 2000 the euro fell to a one-to-one ratio with the dollar. Nineteen countries share a currency.

European countries cut oil imports from Russia because of the war. If Russia continued to cut off gas supplies to other parts of the region, it would lead to a recession. The war in Ukraine has caused the likelihood of parity between the euro and the dollar to increase from 30 percent to 75 percent, according to a global macro strategist for Vanda Research.

Some people think the euro and dollar won't reach that one-to-one ratio. The euro bounced back after achieving the same levels. If you want to take advantage of the declining value of the euro, do it now.

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