Cruise passengers who are bound to Europe this summer are currently thinking about the possibility the Euro and the U.S. dollar to reach a 1:1 exchange rate, and what it means for Americans crossing the pond.

The Euro has stood at $1.05-$1.00 (the lowest in 12 years) since March 6th. The strong dollar means savings once travelers are in Europe, even if their airfare and cruise fare don't change. If you choose to take a cruise on an European-based line, such as MSC or Costa, where the currency on board is the Euro, savings could be even more.

Vice president sales and marketing for Costa North America, Scott Knutson, said Costa had always been a bargain for travelers from North America, but the recent decline of the euro had given reasonable airfares, placed more importance on the value and increased value opportunities in line’s ports of call.  

Such currency fluctuation affects only cruisers to countries that use the Euro, so passengers would not see any savings in Great Britain, Switzerland or Scandinavian countries, for example, though many river voyages embark there.

Still, the lower Euro represents a chance to consider adding a couple of days on to your European cruise, either pre or post voyage. Independent shore excursions may be a better value as well.

Why not looking ahead to next year? According to the Financial Times, Deutsche Bank’s strategists expect the Euro to keep falling, and predict $0.90 to the dollar by 2016 end, and $0.85 against the USD in 2017.