The new silver lining is that American travelers, if they have the money to spend, can strike a bargain with other people's currency.

In Iceland, for example, the krona has tumbled as much as 45 percent (refer to graph). A South African safari costs some 30 percent less than it did last year. And in Estonia and the Ukraine, Americans can vacation like kings and queens.

Take a good look here.

Note: The graph above shows historical exchange rates between the Iceland Krona (ISK) and the US Dollar (USD) between 10/1/2008 and 3/29/2009.