US Dollar is "Skyrocketing"
#1
Original Poster
Joined: Jan 2003
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US Dollar is "Skyrocketing"
Just booked some tickets for an attraction in Paris later in June......transaction came across at €1 - US$1.23636.....a far cry from what it's been.
Can euro-dollar parity be far behind
(Just for the record at the present moment £1 = $1.54147
Europe is almost note the word affordeable) again!
Can euro-dollar parity be far behind
(Just for the record at the present moment £1 = $1.54147
Europe is almost note the word affordeable) again!
#2
Joined: Jan 2003
Posts: 7,313
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I know - it's because I can't afford a trip this year. Whenever I can go, it's always the worst exchange rate. For instance, when I went to Scotland in June 2008, the pound was about $1.90. Last year the Euro was 1.38 when I went to Ireland. Can't go again until next year, so that's when it will creep back up, guaranteed
#5

Joined: Dec 2006
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#7
Joined: May 2003
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I can never tell whether that's good or bad because I'm not at all knowledgeable about economics. Sure, it makes travel cheaper, but what about the economy in general? Is the dollar's rise the result of bad news in Europe?
Geez, I'm so confused.
Geez, I'm so confused.
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#9

Joined: Sep 2011
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The dollar isn't rising - the Euro is falling, because of the crisis here.
It makes some things cheaper for you, but remember that it also makes many things cost more Euros so you may not be much better off. Hotels are putting up their prices to counteract falling bookings, food costs more when it is imported from other parts of the world, fuel prices rise - and the costs are past on to the consumer, which means you. Europeans are barely consuming at the moment, bare essentials only in most countries.
VAT is also going up in many countries, which doesn't affect you for things you are exporting but does add a couple of percent to everything else here.
It makes some things cheaper for you, but remember that it also makes many things cost more Euros so you may not be much better off. Hotels are putting up their prices to counteract falling bookings, food costs more when it is imported from other parts of the world, fuel prices rise - and the costs are past on to the consumer, which means you. Europeans are barely consuming at the moment, bare essentials only in most countries.
VAT is also going up in many countries, which doesn't affect you for things you are exporting but does add a couple of percent to everything else here.
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guesswhoshai
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Jul 23rd, 2008 05:05 PM



