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Buy Euros Ahead of Trip on EBAY?

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Old Mar 18th, 2007, 01:07 PM
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I like to have enough local currency on me for a cab ride to my hotel.

While it is generally okay to get money at the airport's ATM's when you land, there was one Monday when I landed at Charles de Gaulle, and the ATM's had not been replenished. As such, the currency bureaus (never a good rate) had huge lines. I was glad that I had some euros.
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Old Mar 18th, 2007, 01:11 PM
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Supply and demand, that's all has nothing to do with other economic data, Fidel. Just wait ;-)
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Old Mar 18th, 2007, 01:17 PM
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Buy euros at eBay? Looks trollish. Maybe you should buy a used lawnmower at your bank.
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Old Mar 18th, 2007, 01:22 PM
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TTT....almost as much fun as the NCAA's
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Old Mar 18th, 2007, 01:22 PM
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What's not up to date? I didn't note links, but those were (roughly) from most recent stories.
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Old Mar 18th, 2007, 01:33 PM
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This is what makes investing so much fun.
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Old Mar 19th, 2007, 10:03 AM
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Ask your friends if they have some spare euros. I accidentally found a 10 in my purse after currency exchanging. Thought it made a lovely souvenir with the coins. A friend was on her way over a year later and I sent her the 10 to get to her hotel.
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Old Mar 19th, 2007, 10:49 AM
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Fidel writes: "Nothing like the facts Nedsir: the Euro started out 1.17 to the dollar 1990, dipped down .85 and is around 1.35ish today, hardly the "ongoing crash" that logos yearns for."

I think you've got your dates wrong: In 1996 I was still spending Pesetas in Spain, Escudos in Portugal and Punths (Irish Pounds) in the Irish Republic. I think 2000 or 2001 was when those countries converted to the Euro; and that's when I was buying Euros at $0.89.

Just think: a pint of Guinness now costs about $6.00 USD. I guess that's why I haven't visited the Ould Sod since 2005.


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Old Mar 19th, 2007, 11:04 AM
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"If you want to waste your money and risk losing everything then go ahead and get the euros, particularly if you have no interest in value. Since your mind seems to be made up to do that, I won't try to sway you otherwise."

There, is that how I should have worded my answer to show that I'm not biased, Robespierre? That seems to be what you call "unbiased" opinion giving.
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Old Mar 19th, 2007, 12:21 PM
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The € became the official currency of 12 nations on January 1, 2002. It was worth $1.18. It dropped to about 80 cents at one time.
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Old Mar 19th, 2007, 12:28 PM
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>official currency of 12 nations on January 1, 2002
That's January 1, 1999
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Old Mar 19th, 2007, 12:32 PM
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The euro went into circulation on January 1, 2002.
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Old Mar 19th, 2007, 12:36 PM
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No, it's only that € coins and notes were available from that date, just a very! small amount of the actual money. Stay with the facts here ;-)
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Old Mar 19th, 2007, 12:50 PM
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<i>The euro went into circulation on January 1, 2002. </i>

That is the fact.
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Old Mar 19th, 2007, 12:57 PM
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Absolutely, Jan. 1, 2002 was when the euro became the official legal tender in 12 countries.

Although the euro was &quot;introduced&quot; in 1999 it was on Jan. 1, 2002 that it became legal tender and &quot;non cash&quot; transactions in those countries HAD to be done in euro, such as checks or bank transfers.

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Old Mar 19th, 2007, 01:12 PM
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&gt;&quot;non cash&quot; transactions in those countries HAD to be done in euro
Not really, but it actually doesn't matter for the question. You need to trust me on that one
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Old Mar 19th, 2007, 05:17 PM
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logos, no offense but I think I'll trust Oanda over you:

http://www.oanda.com/site/euro.shtml

Of course, no doubt you'll find some &quot;loophole&quot; in the words that will seem to prove your point, but their quote,---

&quot;January 1, 2002: new currency becomes legal tender. Old currency can no longer be used for non-cash transactions, such as bank transfers and checks. The individual currencies will remain as legal tender until the dates listed belowquot; seems pretty straightforward to me.

Or I could trust any of the dozen or more websites from major financial sources which all say the same thing, indluding this report from January 2, 2002 by the BBC:

http://news.bbc.co.uk/1/hi/business/1736938.stm

Now where is YOUR idea quoted?
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Old Mar 19th, 2007, 06:25 PM
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&lt;&lt;I guess some of you would say it can be a perfectly good thing to buy a Rolex from a guy on the street with an armful of them under his trenchcoat?&gt;&gt;

Don't you mean &quot;Rollex&quot;?
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Old Mar 19th, 2007, 06:28 PM
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Seriously, first time over when the Euro went into effect, I got enough from our local bank for taxi fare, water, coffee, etc. Since then, we withdraw extra before leaving for the next trip. It's not the most economical way to acquire Euros, but after an overnight flight, with bags in tow, lines at the ATM where two of three machines are out of order (happened to us in London) and the fellow in the lead is trying one card after another... And, my bank is offline with overnight processing when we land.

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Old Mar 19th, 2007, 07:44 PM
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ceilifinnigan,
I don't think I'd buy Euros on Ebay, but maybe that's just me. I do always like to arrive in Paris with some Euros, though. I order them from my bank and like the convenience of having them. That way, we don't have to stop at the ATM in CDG for money to pay for the shuttle. After the first day, we use the ATM to get Euro cash.

Sandy
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