Wooo-hoo!! How come nobody's cheering?

Old Jan 5th, 2005, 05:09 PM
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Wooo-hoo!! How come nobody's cheering?

I just checked the dollar : euro rate on Yahoo!Finance/currency... it is 1.326 now... where is all the hoopla to celebrate this precipitous drop in the exchange rate? oh when it <i>rises</i> a bit, there is much hand-wringing and wailing But now...nothing but silence :-&quot;

C'mon, get <i><b>happy!!</b></i>, travel looks better already
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Old Jan 5th, 2005, 05:19 PM
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I'll celebrate with you, travelnut. I noticed the British Pound is now down to $1.88 from $1.95. Hope if keeps going in that direction!
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Old Jan 5th, 2005, 05:25 PM
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I'm paying for 10 family members in early 2006. Sure hope it keeps going down.

Thanks for the update.
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Old Jan 5th, 2005, 05:38 PM
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I just got off the phone with praline -- she was literally sobbing with joy. Now she and hubby can take that London holiday after all!

She still has a black eye from the last time the pound surged and he &quot;over-reacted&quot;, as she terms it. But with time and prayer, the swelling is much reduced.
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Old Jan 5th, 2005, 06:35 PM
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Definitely woo-hoo! Holding my breath in hopes that the trend continues!


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Old Jan 5th, 2005, 07:21 PM
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<i>Shhhhh ....afraid to cheer, someone will hear and mess things up....quiet now, let it go down down down~
tedgale, very funny </i>
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Old Jan 5th, 2005, 07:41 PM
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I just paid 1.355 to pay my French mortgage today - what's all the cheering about? I don't think you guys understand the difference between the rates that are posted on exchange rate sites and the rates that you actually pay when paying for things when you travel, but if you're cheering, I'm happy to cheer with you.
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Old Jan 5th, 2005, 08:18 PM
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Doesn't that mean that if you had paid your mortgage yesterday, you would've been paying 1.37 or 1.38? Shouldn't you be cheering, even just a little?
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Old Jan 6th, 2005, 12:39 AM
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The talk amongst my Consulate General friends is that the euro is going to drop and be &quot;fixed&quot; (perhaps &quot;maintained&quot; is a better word) at 1.10 to 1 in order to even out the disparity in the currency trade. This is supposed to happen very soon - hush!
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Old Jan 6th, 2005, 02:29 AM
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Well, Travelnut at least you are easy to please LOL and thanks for the post.
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Old Jan 6th, 2005, 02:34 AM
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Ah well, I'm happy for American friends, but we get paid in euros, so we don't have any personal reason to celebrate.
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Old Jan 6th, 2005, 04:00 AM
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&gt; the euro is going to drop and be &quot;fixed&quot; ...at 1.10 to 1 ... This is supposed to happen very soon ..&lt;

An overnight change of 15% in the exchange rate will certainly upset the currency markets.
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Old Jan 6th, 2005, 04:39 AM
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I guess I was very smart then to buy US$ bills for my next trip(s) earlier this week ...
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Old Jan 6th, 2005, 04:48 AM
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...and this morning it's 1.3183, according to the same website. Keep on slidin'!
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Old Jan 6th, 2005, 04:53 AM
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Another slide! Yes! Now I will be able to add one more glass of wine to my trip in September...
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Old Jan 6th, 2005, 05:02 AM
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I'm celebrating! Let's all hope this is the trend from now on!!! I would think the European countries who want to sell their products here would be happy as well.
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Old Jan 6th, 2005, 05:07 AM
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Before you start cheering a nominal rise in the dollar, maybe you want to consider the fact that it's &quot;rising&quot;, in part, because of the 5 Federal Reserve interest rate increases last year - with more increases expected for 2005 to combat a concern over inflation.

The reason I put rising in quotation marks is that it's expected by most on Wall Street to stabilize at the $1.30 to $1.35 range. Yesterday, for example the dollar versus the Euro improved by $0.0009 versus the Tuesday close. So, if you plan on spending $1,000 in Europe, you just saved about 90 cents.
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Old Jan 6th, 2005, 05:19 AM
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I just hate it when facts get in the way of an enjoyable fantasy...
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Old Jan 6th, 2005, 05:30 AM
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&quot;Message: I just got off the phone with praline -- she was literally sobbing with joy. Now she and hubby can take that London holiday after all!

&quot;She still has a black eye from the last time the pound surged and he &quot;over-reacted&quot;, as she terms it. But with time and prayer, the swelling is much reduced.&quot;

Wait a minute! Is this real? Hitting people is against the law. Travel with someone who reacts to adversity with his fists? This is a much bigger problem than the rise &amp; fall of the dollar.


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Old Jan 6th, 2005, 05:34 AM
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Jane...chill. He's joking!
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