US Dollar is "Skyrocketing"

May 31st, 2012, 09:03 AM
  #1  
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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!
xyz123 is offline  
May 31st, 2012, 09:10 AM
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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
GreenDragon is offline  
May 31st, 2012, 09:13 AM
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I can remember one trip when the exchange rate was
1 euro = 0.85 dollars
dugi_otok is offline  
May 31st, 2012, 09:19 AM
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I liked it better when the transatlantic summer airfares were $500 less per person and they took advantage of me with a 1.35-45 conversion
FrankS is offline  
May 31st, 2012, 09:19 AM
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You may want to read this:

http://money.msn.com/investing/artic...6-b47b51a339c9
apersuader65 is offline  
May 31st, 2012, 09:39 AM
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dugi, I took a trip in 2002, and it was like that, to Ireland... ah, fond memories! AND I remember $500 transatlantic airfares. In the summer. Bygone days. Now the taxes are more than that.
GreenDragon is offline  
May 31st, 2012, 09:41 AM
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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.
Pegontheroad is offline  
May 31st, 2012, 10:20 AM
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I'm with ya, Dugi and Green D.!
grandmere is offline  
May 31st, 2012, 11:05 AM
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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.
hetismij2 is offline  
May 31st, 2012, 11:06 AM
  #10  
 
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Pegontheroad, it's a mixed bag for Europe. On one hand they can buy less on the international market, but on the other it makes their exports cheaper so they will sell more.
MonicaRichards is offline  

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