Wooo-hoo!! How come nobody's cheering?
Jan 5th, 2005, 05:09 PM
#1
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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 :-"
C'mon, get <i><b>happy!!</b></i>, travel looks better already
But now...nothing but silence :-"C'mon, get <i><b>happy!!</b></i>, travel looks better already
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 "over-reacted", as she terms it. But with time and prayer, the swelling is much reduced.
She still has a black eye from the last time the pound surged and he "over-reacted", as she terms it. But with time and prayer, the swelling is much reduced.
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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.
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 "fixed" (perhaps "maintained" 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!
Jan 6th, 2005, 04:00 AM
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> the euro is going to drop and be "fixed" ...at 1.10 to 1 ... This is supposed to happen very soon ..<
An overnight change of 15% in the exchange rate will certainly upset the currency markets.
An overnight change of 15% in the exchange rate will certainly upset the currency markets.
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 "rising", 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.
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.
Jan 6th, 2005, 05:30 AM
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"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!
"She still has a black eye from the last time the pound surged and he "over-reacted", as she terms it. But with time and prayer, the swelling is much reduced."
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 & fall of the dollar.
"She still has a black eye from the last time the pound surged and he "over-reacted", as she terms it. But with time and prayer, the swelling is much reduced."
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 & fall of the dollar.
