The euro has dropped in value against the U.S. dollar by more than 20 percent since last summer. But even as Americans find bargains in Europe, flights to get there remain pricey for a few reasons.
Chanel says it is aligning the cost of its handbags worldwide. The move reacts to the depreciating euro and aims to stop people from buying up the classic bags to sell at a profit in other countries.
A combination of political instability in Greece, possible quantitative easing in the eurozone and a stronger dollar are all pushing the common European currency lower.
Europe has been teetering on the brink of a financial crisis for the last four years. Various solutions have not resolved the issues but merely kept the Euro going for another few months until the next crisis strikes.
