Rising Euro
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#11
Joined: Apr 2003
Posts: 17,268
Likes: 0
Look, if there's one thing we've learned in the past six months, it's this.
<b>You can't predict. Least of all about the future </b>
If your home currency were the Zimbabwean dollar, it'd be a pretty good bet it'll devalue in six months' time. Actually it'll devalue 90% in six minutes.
But few on this board are that unfortunate. Whether the US, Eurozone, British, Australian or Canadian economy is the most screwed up right now is pretty damn moot. They're all in a mess, which currency the forex dealers choose to buy is completely impossible to guess, and the only sensible assumption you can possibly make about a foreign holiday next spring or summer is that your currency might be worth 25% more against theirs by then, or 25% less. So budget accordingly.
And if you like irresponsible betting, the odds of making money from it are probably higher on your local lottery, where at least you're competing with other amateurs.
<b>You can't predict. Least of all about the future </b>
If your home currency were the Zimbabwean dollar, it'd be a pretty good bet it'll devalue in six months' time. Actually it'll devalue 90% in six minutes.
But few on this board are that unfortunate. Whether the US, Eurozone, British, Australian or Canadian economy is the most screwed up right now is pretty damn moot. They're all in a mess, which currency the forex dealers choose to buy is completely impossible to guess, and the only sensible assumption you can possibly make about a foreign holiday next spring or summer is that your currency might be worth 25% more against theirs by then, or 25% less. So budget accordingly.
And if you like irresponsible betting, the odds of making money from it are probably higher on your local lottery, where at least you're competing with other amateurs.
#20
Joined: Dec 2007
Posts: 429
Likes: 0
Well, I am going to Portugal in the spring for a week. I paid for my lodging already and the airfare is also paid off. Tomorrow I am going march down to the bank to get some euro. About $500 worth. I have 130 euro left from my last trip. I dont care if I am getting a bad exchange rate here stateside. It will buy me peace of mind. Watching the $ on xe.com fall is not pleasant.



But we are going to enjoy it to bits!