Consumer Alert: Will your dollar really take you further this summer? Here's the truth.

The greenback won't hurt you when you travel abroad. But it may not help you, either.

You've heard the buzz, about the dollar, haven't you? Whispers in travel forums, maybe even a few flashy headlines, all hinting that in some destinations, your mighty U.S. dollar is flexing its muscles, ready to deliver an epic summer vacation on the cheap.

The idea is tantalizing: your hard-earned cash stretching further than ever in exotic locales, unlocking five-star experiences on a three-star budget.

Yeah, right.

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