US Dollar "Skyrocketing"

Sep 26th, 2014, 12:09 PM
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US Dollar "Skyrocketing"

Seems like a great time to visit Europe for Americans these days. The euro is down to about $1.26! Can parity be far behind? And the pound has backed down to $1.62. It was up around $1.70 just a couple of months ago.

But remember, what goes up must go down!
xyz123 is offline  
Sep 26th, 2014, 12:14 PM
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Hold onto you beer - that is a minor drop - heck several years ago it was .80 e to the $.

At $1.26 Europe will still be much more expensive across the board - except for wine and bread perhaps - than the U.S.

But a good sign but after watching exchange rates for years they always defy predictions.

In terms of uncertainly vis a vis oil prices and wars like we are now waging the dollar is considered to be a safe haven and inevitably spikes for a short time.

British pound has been around 1.60 $ for the last year or so so that is not a drop at all - well from the temporaruy 1.70$ to the pound it is.

can parity be far behind for the euro vis-a-vis the dollar well don't bet your last dollar or euro on that.

Come back in a month or two and if the same then the euro has a weakness not currently apparent.
PalenQ is offline  
Sep 26th, 2014, 12:27 PM
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AS I said on another thread recently - it always rises against the euro when we are going to visit the US. Never fails.
hetismij2 is offline  
Sep 26th, 2014, 12:33 PM
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Well, much if not most of our upcoming 3 month European trip has already been paid for, so this won't help us all that much. Oh well...
DebitNM is offline  
Sep 26th, 2014, 01:54 PM
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There will never be parity. The EU does not issue money to pay bills.
IMDonehere is online now  
Sep 26th, 2014, 01:59 PM
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Yes! We've already saved $300 on the rates of places we booked a few months back.
yestravel is offline  
Sep 26th, 2014, 02:58 PM
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>>There will never be parity. <<

a. Never is a long time.
b. Let me be the first to admit I have no idea what causes the fluctuations.
vincenzo32951 is offline  
Sep 26th, 2014, 09:25 PM
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Anyone who follows any market is baffled by the fluctuations. While Wall Streeters like to think of themselves as hardened criminals, it seems they are easily frightened of places, they never heard of until 15 minutes ago. Do you remember the two day panic over an obscure bank in Portugal named the Holy Spirit a few months ago?

Who knows what moves the markets and now it is even more frightening because most of the institutional stock trades are at the whim of some computer algorithm.
IMDonehere is online now  
Sep 26th, 2014, 11:05 PM
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Come over to Europe and pay your traffic fines they are cheaper now ;-)
There was one other but it has been removed from the forum
ribeirasacra is offline  
Sep 27th, 2014, 03:28 AM
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Thursday the British Pound was $1.90
Nywoman is offline  
Sep 27th, 2014, 04:08 AM
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Checking, at this precise moment, 1202 gmt on 27/09/14, the GBP stands at $1.62440. For the most part, one of the above poseters is correct in saying that for a good part of the last year, the GBP was around $1.60 but it did spike up earlier this summer to close to $1.70.

But the last sentence in my original post is the key. As far as the USD and EUR parity, don't forget the EUR was originally pegged to be about $1.16 when it was a virtual currency and being prepared for use and soon after its introduction, fell to $0.80 but has been as high as $1.55 or so. International currency rates will always fluctuae.
xyz123 is offline  

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