Currency exchange rates are major factors in the cost of study abroad programs, and when the dollar is falling, students feel the impact when they begin to plan for studying overseas. During the past 16 months, the U.S. dollar has declined 9.5 percent against major currencies. In September 2007 it made a sharp drop. The falling dollar has already begun to affect travelers, but the average study abroad student has a significantly smaller budget than many tourists, and they often must make that money last over the span of months. In a time when a majority of students dream of studying overseas in countries such as England, Italy and France, exchange rates have caused study abroad advisers and administrators to encourage students to consider non-traditional destinations.
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