While the dollar may be enjoying a reprieve from historic highs against the pound and euro, European capitals like London and Paris still hit American wallets hard, especially on the luxe end of the spectrum. Never fear – we’ve rounded up 10 European cities for smart splurges that offer affordable luxuries and countless treasures, from the best of contemporary art and fashion to historic grandeur and vibrant local culture. Whether it’s a foodie haven in southern France, a Hamptons-esque Spanish isle with a royal seal of approval, or a Middle Eastern gateway that straddles two continents, these cosmopolitan hot spots allow you to live like a 19th-century aristocrat without blowing the family fortune. So dig up your passport, pack your traveling trunk, and get ready to say Bonjour! Guten tag! Merhaba! to these fantastically enticing European cities.