Lisbon, Lake Chapala, and Kyoto, measured in what one dollar buys there now.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
BOOMERS TRADE
Andrew James reporting. 64, and counting.
The dollar went to Europe before you did
The front of the cohort is booking its last long trips while the hips and the passports are both current. Since the end of 2024, the dollar paying for those trips has lost ground against most of the currencies they are priced in.
10.1%
How much more one euro costs an American today than it did on the last day of 2024. Every hotel night and every museum ticket in Europe carries it.
On the last day of 2024, one euro cost an American about $1.04.
In late September it cost $1.14. Same cafe in Lisbon. Same plate of sardines. A bigger number on your card statement.
The whole increase lives in the exchange rate. That is the price of one currency counted in another.
This lands on your own calendar. The trip years are the first aisle this generation spends in. The front of the line is booking its long flights now.
AARP found 64% of adults 50 and older expect to travel this year. And 86% rank travel among their top three choices for spare money.
A word from this week’s partner · Porter & Co.
Your money is changing.
For the first time in half a century, the U.S. dollar is being reset.
The last time this happened was 1974, when Henry Kissinger anchored the dollar to Saudi oil and set in motion the greatest accumulation of wealth in the history of the world.
It cleaved a sharp dividing line through this country. Between the families who built fortunes that lasted for generations, and the families who were quietly left behind.
And what you do in response could decide which side you and your family ends up on.
My name is Porter Stansberry, and I’ve spent the last thirty years studying how enormous shifts in the global economy create – and destroy – wealth.
In 2006, I warned my readers about the looming collapse of Fannie Mae and Freddie Mac – years before it brought the American banking system to its knees.
In 2008, I told them to buy gold and silver. Both more than doubled while the dollar’s purchasing power collapsed.
And in 2020, I warned that the COVID-era money-printing would trigger the worst inflation in a generation. It did.
This foresight has helped my team and I anticipate some of the biggest moves in the capital markets – helping our readers take early positions in companies like Amazon, Adobe, Qualcomm, Regeneron, Intuitive Surgical, Meta, Shopify.
I’m writing to you today because I believe what is happening to the US dollar right now may be the most consequential financial story I have covered in my career.
After months of investigation, I am ready to expose, in full, President Trump’s monetary reset.
Porter & Co.
In my new documentary you’ll learn how the biggest change to America’s money in half a century is already underway…
How everything you’ve seen in the news over the past few years – the tariffs, the obsession with Greenland, the threats to annex Canada, the $1.4 trillion deal with the UAE, the disputes with China – all of it is connected to Trump’s New Dollar.
And you’ll also learn the specific steps I believe every American needs to take before a critical meeting of world leaders this December, which could change the U.S. dollar as you know it.
If you have money in the stock market or savings in the bank…
Find the time to watch it today.
Good investing,
Porter Stansberry
The euro is not a special case. The Federal Reserve tracks the dollar against a broad basket of trading-partner currencies. That index fell from 129.3 to 120.3 over the same stretch, a drop of about 7%.
Most of the slide came in 2025. It has held through this year.
So the price of a trip abroad now depends on which country sends the bill.
What they buy: the long trip to Europe
Adults 50 and older spend more than $236 billion a year on leisure travel, by AARP’s count. Every euro of the Europe trip now costs 10.1% more than at the end of 2024.
Where they move: Mexico and Japan
A dollar bought 20.9 Mexican pesos at the end of 2024 and 17.7 in late September. So a dollar stretches about 15% less far on a winter rental paid in pesos. In Japan, a dollar buys almost exactly as many yen as it did then.
That changes the first question about a big trip. Put it to yourself plainly, before you look at a single hotel. What currency is the bill in?
A week in Kyoto costs about what it did at the end of 2024. A week in Lisbon costs a tenth more. A winter by Lake Chapala costs about 18% more, before the landlord raises a thing.
None of that is printed in the brochure. It turns up a month later, on the card statement at the kitchen table.
Where the cohort’s money sits this quarter, and how far each aisle travels from the dollar.
 
Travel
The aisle the front of the cohort is finishing. The last long trips abroad now cost more in dollars.
 
Health & Housing
The cohort is here this quarter
The doctor and the house that changes. Those bills arrive in dollars, at home prices.
 
Longevity
Next in front of the money
More good years at home, and time for the shorter trips a dollar still covers in full.
 
Estate
What is left gets handed on in dollars, at whatever the dollar is worth that year.
The limit on this read is the bucket list. Nobody trades the Sistine Chapel for the Grand Canyon to save a tenth.
And the dollar moves both ways. In late January a euro cost nearly $1.20. It has since eased back to $1.14.
Anyone who tells you where it goes next is guessing.
Who is already standing there
The trip that never leaves the dollar. The escorted motorcoach tour through the national parks. The river cruise on the Mississippi. The Sun Belt resort that fills its off-season rooms. Their costs are paid in dollars, so their prices never jumped with the euro. The schedule is already printed.
The arithmetic
Exchange rates: Federal Reserve Board H.10 daily noon buying rates, via FRED: euro $1.0351 (about $1.04) on December 31, 2024 and $1.1400 on September 25, 2026 (1.1400 / 1.0351 = 1.101, a 10.1% rise); euro high of $1.1980 (nearly $1.20) on January 27, 2026; Mexican pesos per dollar 20.8557 (20.9) on December 31, 2024 and 17.6932 (17.7) on September 25, 2026 (17.6932 / 20.8557 = 0.848, about 15% fewer pesos per dollar; 20.8557 / 17.6932 = 1.179, about 18% more dollars for the same peso price); Japanese yen per dollar 157.37 and 157.18 on the same dates. Nominal broad U.S. dollar index: 129.2775 (129.3) on December 31, 2024 and 120.33 on September 25, 2026, a decline of about 7%. AARP Research, 2026 Travel Trends (fielded November to December 2025, 1,189 respondents): 64% of adults 50 and older expect to travel in 2026; 86% rank travel among their top three discretionary spending priorities; adults 50-plus spend more than $236 billion a year on leisure travel. The trip cost comparisons for Lisbon, Lake Chapala, and Kyoto apply the exchange-rate changes above to local-currency prices held constant and are Boomers Trade’s own arithmetic.
 
Before you put down a deposit on a trip abroad, check two numbers. The price in the brochure, and what one euro or one peso costs that week. The second one is the part of the trip the photos never show.
Andrew
Boomers Trade is written by someone getting older right alongside you, and watching who profits from it.

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