sergio68

Euro (EUR) $ 1.27

Time to go Paris !!!!!!!!!!!!!!!

Southam

Inflation rate?

xyz123

Can par (with the USD) be far behind?

(Actually logos we miss your dire predictions for the collapse of the USD...somehow reports of the imminent demise of the USD seem to have been a tad premature!)

Rastaguytoday

It's kinda sad to think that's a bargain.

The Euro started out pegged at 85 cents to the U.S. dollar.

xyz123

Actually, not true. When first introduced, the euro was worth $1.17 for each euro....it fell to a low of 85¢ before it began to climb and I think it's high water mark was something like $1.52/euro....it's been in a gradual decline since. How low it will go, is of course, anybody's guess.

Pegontheroad

It seems to me the high was more like $1.60. Do I remember that wrong?

kerouac

No, that's about right. I have always been happy as long as it stays above $1.20.

jaja

I am planning a trip in '13 so watch for the euro to climb against the dollar next June.

xyz123

"No, that's about right. I have always been happy as long as it stays above $1.20."

Me? I'd love to see it go down to par...almost make a trip to Europe affordable! (Although I am not an economist and I am sure there are those who know better than I do that this wouldn't be good for the world economy)

dsevig

we have been doing annual trips to Europe for most of 12 years since 2000 and have experienced 85cents as a low I think for 1 euro up to $1.40-50 last year or before. SO our expense as gone up by 50% over the last 12 years - YIKES!!! luckily we don't spend alot over there but still it hurts!! WHo knows what the current troubles in Europe will do to further lower the euro but I would say it is the weak currency now vs our $! tough times ahead for Europe which will not help our economy!

xyz123

There was a recdent article in the NY Times regarding how many economists had predicted the assumptions on whcih the euro was developed would never work and who predicted exactly what we are seeing. But one of the things that happened is there was never developed a system for a country to get out of the euro. This would probably be a blow, according to this article, especially to Germany which has chamioned a strong currency (which is good for Germany) but to the detriment of many of the countries whose economies are weaker.

Whether that means the euro will collapse or some countries will get out (if they can), who really knows.

Of course many of the economists in Great Britain are laughing to themselves and thanking their lucky stars the British stayed out of the euro and, although things could change, they've come out of this smelling like a rose apparently.

But it's really funny how it works. When push comes to shove, the US dollar ultimately proves to be the one currency everybody ends up counting on despiute the efforts of some to champion a much weaker dollar.

But an expert on economics is needed to really explain these things. As tourists, I am sure we would all love to see the euro and dollar (and perhaps the pound too) at par. Whether that's ultimately a good thing or a bad thng, somebody smarter than I am will have to say.