WillTravel Posted November 2, 2008 Report Share Posted November 2, 2008 When you bid on PRICELINE.com, you enter your bid in US dollars.However, if the zone you are bidding for is outside the US, the prices that the hotel uses are probably in the native currency. The hotel enters its acceptable bid prices in that currency, and then the conversion to USD happens as part of the bidding process.So if a hotel has entered 50 Euros as its accepted bid rate, that would have required that you bid approximately $80 a few months ago. Now this will only require approximately $65. Of course prices vary a lot because of the off season, weekends, conventions, trade fairs, etc. but the downward trend in USD is already evident in bids being reported here. Be cautious about using past bidding experience as a guide, without considering the effect of the different exchange rates. Link to comment
powerplantop Posted November 3, 2008 Report Share Posted November 3, 2008 Will,Great point! Link to comment
Recommended Posts
Register now, we have a huge community of travel enthusiasts to answer any questions you might have.
Sign up for a new account in our community. It's easy!
Register a new accountAlready have an account? Sign in here.
Sign In Now