The Euro's Rise
Jul 12th, 2007, 07:22 AM
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The Euro's Rise
Picking up on some other posts, at what point will the Euro's rise (maybe I should say the Dollar's fall) affect your travel plans? Remeber the good old days when the Euro was worth $0.80? It does not seem like that long ago. Even when we were going to Europe in 2003, the exchange rate did not even factor into my travel plans. Now, it certainly does.
Although I am in the middle of a two year span where we will not be traveling to Europe because of other regular vacations we take as a family, I have been planning my Southern France get away for 2009 (yes, I am a little OCD). Now who knows what the currency exchange rates will be in another two years, but at this rate, it will not be good.
When the dollar began its decline against the Pound almost 30 years ago, it never really recovered. It bounced back a little, but never seemed to return to what it was (I have not done any research on this, so I am probably over generalizing). I fear that the same will happen with respect to the Euro.
So once again, at what point will the rising Euro affect your travel plans?
Although I am in the middle of a two year span where we will not be traveling to Europe because of other regular vacations we take as a family, I have been planning my Southern France get away for 2009 (yes, I am a little OCD). Now who knows what the currency exchange rates will be in another two years, but at this rate, it will not be good.
When the dollar began its decline against the Pound almost 30 years ago, it never really recovered. It bounced back a little, but never seemed to return to what it was (I have not done any research on this, so I am probably over generalizing). I fear that the same will happen with respect to the Euro.
So once again, at what point will the rising Euro affect your travel plans?
Jul 12th, 2007, 07:26 AM
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The GBP began its decline against the USD 60 odd years ago (it was worth $5.00). It has never really recovered but maybe it is on its way back to that level. Maybe you should really be in a panic.
Jul 12th, 2007, 09:32 AM
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Reality check! Maybe you simply can't afford Europe!
Actuality, the USA offers venues similar and better than any in Europe.
Quit thinking London and Paris...try Warszawa or Łodz, Kraków or Wrocław.
Why stay in the city center? Locals live outside and train in. The dollar hasn't fallen, the Euro and Pound has risen!
Actuality, the USA offers venues similar and better than any in Europe.
Quit thinking London and Paris...try Warszawa or Łodz, Kraków or Wrocław.
Why stay in the city center? Locals live outside and train in. The dollar hasn't fallen, the Euro and Pound has risen!
Jul 12th, 2007, 09:39 AM
#5
If the dollar wants to think of itself as the #1 currency in the world, I believe that you do indeed have to say that the dollar has fallen. Against just about every currency. It looks like even the Canadian dollar will be beating it soon.
However, I do agree that it makes it a good time to visit countries of the "dollar zone" -- countries whose currencies are tied to the dollar. There has been no loss of purchasing power in those countries. But all of the countries of the EU, as well as a few close neighbors (Switzerland, Norway, ex-Yugoslav nations...) are all heavily influenced or completely tied to the euro.
However, I do agree that it makes it a good time to visit countries of the "dollar zone" -- countries whose currencies are tied to the dollar. There has been no loss of purchasing power in those countries. But all of the countries of the EU, as well as a few close neighbors (Switzerland, Norway, ex-Yugoslav nations...) are all heavily influenced or completely tied to the euro.
