EURO
 

Just checked on the euro & it is looking good. Or should I say "better".

I am thinking of buying some when it gets around 135 .... Any opinions ?

I checked today as well and the rate is better than a week ago. I won't need any until the end of the month so I'm going to monitor the rates every couple of days until then, before I buy any.

I am leaving for Ireland Thursday, nice.

It could actually get better. I wouldn't buy any in advance.

How much will it cost you to buy at 1.35? My guess is it'll cost you about 7%. If I use my ATM card in Europe it costs me 0 to 1% over the online rate.

The Euro is doing poorly lately, not a surprise considering the situation, the Swiss Franc is stronger not a surprise considering they were clever enough not to join the EU, great people the Swiss if there is a democracy they are one, no taxes imposed without a vote of the people, and look at the other countries less freedom each day that passes. MOre debt that they can cope with.They do not deserve it.
I cry for most of Europe.

Tje UK was smart enough not to join the euro and the £ has slipped under the $1.60 benchmark so to speak. But you know something, that doesn't mean next weak it won't be back up and the same holds for the euro. It's like any other financial transaction...you buy a stock at today's price. You don't know (unless you are an insie trader and are doing something illegal) whether the stock will be higher, lower or the same three weeks from now. Wait till you get there. Use an ATM which doesn't charge any fees for accessing your money and que sera sera.

The euro is getting beat up right now. A lot of pressure on the debt of the PIIGS. Germany and France are unwilling or unable to provide the kind of leadership needed to stem the crisis. Without the introduction of eurobonds, the euro is pretty much toast.

Hi ddd,

>I am thinking of buying some when it gets around 135 .... Any opinions ? <

How many millions of euro are you planning on buying?

Hi Ira ...

I was thinking about 2 or 3 million euros. What do you think ?

Buy low sell high. I suggest Third Reich bonds. =)

To all you non arrogant americans out there, I know there a quite a few of you. A greek default would be a problem for the big US banks mainly, but anyway. Be prepared there's not that much time left. I tripled the worth of my assets since 2008 simply by buying the right things, yet they're still worth no more than when I bought them, it's just the $ that has gone down. Be prepared for a total crash of the USD. Make sure you have a home you can afford whatever the bank says. Make sure you have food. It'll become really expensive. If you don't have a job, the government will not be able to support you, you need alternatives. Greece is all about the dollar, be wise, don't spend more than you have.

The swiss franc has been pegged to the € in the last week, avoid that too. If you can get silver coins, they'll keep their value until after the crash. Don't be a fool an listen to folks around here that bash the €. It's not the problem. Get some stuff that is real.

An yes, don't listen to them, they don't know a thing!

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logos999 on Sep 10, 11 at 5:46pm
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I am stocked up on wine. I guess I need to buy a case of tuna fish and a shotgun.

>I tripled the worth of my assets since 2008 simply by buying the right things, yet they're still worth no more than when I bought them, it's just the $ that has gone down.<

I didn't know that the Euro had tripled against the dollar since 2008.

Live and learn

Hey ddd,

You realize that when you buy a few hundred Euro in the US you will pay about 7% commission, so the Euro would have to rise 7% for you to break even?

If you want to buy a few million E, the brokerage fee drops significantly.

Leave currency trading to the currency traders.

Enjoy your visit.
((I))

I think the question here is not about speculating, but about getting euros for a trip. As someone said, if you are going to buy them in the US, you'll have to pay an exchange fee, so it may not be as good a deal as you think.

Then you have to carry those hundreds of Euros around with you when you travel. Not such a good idea, IMO.

And who knows what the Euro will be when you go?

Say logos...if we had listened to you a couple of years ago, one would think the euro would be worth $3 by now......nobody knows of course what the future holds.

I still have some things to pay for so am waiting until Wed, just one tour and my rt tickets back and forth to the airports. I prepaid for my Edinburgh apartment and it was not even that bad. Love paypal for that. I have euro from last trip to Germany but will be nice for the Dublin hotels that I pay for with a credit card. MORE Guinness money. Hey, even Canada is doing better than us with their money.

Ira ... My bank charges me around 3% for euro exchange. If it gets to 135 or below, I will be buying at that time. It will be better for me than buying at 148 or more. Still not that big of deal... but better. Thanks

deedeedee:

No - you won't save any €€/$$. The $ will have to sink dramatically to come close to breaking even.

And w/ the problems in several eurozone countries, it is just as likely the € will tank.

Buying the small amounts of currency you are talking about (whether it is rising or sinking) seldom benefits anyone other than the bank.