Since January, the U.S. dollar has dropped nearly 6 percent against the euro. And a volatile foreign currency exchange rate means planners might pay more for hotel rooms, ground transportation, and other services for many European events.
Foreign currency transactions can have a big impact on the bottom line. In the last year, one euro has been worth as much as $1.10 and as little as 86 cents. In other words, a one-million-euro meeting budget would have been worth as much as $1,090,00