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Looking at the US Dollar to Euro exchange today, I see that just under 1 USD buys 1 Euro, so USD is actually stronger than the Euro for the first time since 2002. Now I can get 100 Euro from the local ATM machines for less than $100 USD out of my USA bank account using a debit card, which is a first time thing for me.
Looking at the US Dollar to Euro exchange today, I see that just under 1 USD buys 1 Euro, so USD is actually stronger than the Euro for the first time since 2002. Now I can get 100 Euro from the local ATM machines for less than $100 USD out of my USA bank account using a debit card, which is a first time thing for me.
Yes, it's a good time to be an American traveling, and spending, in Europe right now I would imagine.
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I try to check against non-EU as well, just in case the allies are all in a sinking boat for whatever reason. In that case, doing relatively well could be misleading.
I try to check against non-EU as well, just in case the allies are all in a sinking boat for whatever reason. In that case, doing relatively well could be misleading.
i agree with you on this, which is why I put a question mark after King Dollar in the thread title. There are some downsides to this strength which have not started to show up yet. US-based companies that earn a high percentage from business in other countries in non-US currency will likely not benefit from this on a long-term basis.
Status:
"Do not pass GO, do not collect $300 (used to be $200)"
(set 7 days ago)
Location: TN
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Quote:
Originally Posted by recycled
i agree with you on this, which is why I put a question mark after King Dollar in the thread title. There are some downsides to this strength which have not started to show up yet. US-based companies that earn a high percentage from business in other countries in non-US currency will likely not benefit from this on a long-term basis.
Oh yeah; always winners/losers on either side. Interestingly (maybe), I'll be heading to Africa in a month, and it turns out GHS is 1/10 of USD (was 1/4 just a few years ago). I know there's the usual story about those countries devaluing their currencies, but the way things are these days, I'll want to dig deeper before reaching a conclusion.
If your rent is Euro $650 a month including utilities in Germany,you will be paying more this winter.
Europe is in a recession now,esp Germany.
WSJ published an article on the central bank reserves in hard currencies,they are drawing down the reserve to pay for imports -grains,fuel.
Nigeria even block foreign companies from transferring their 485 million US DOLLARS out of Nigeria.
Sri Lanka we already know cant pay its IOU,Egypt,Turkey,Greece are all in bad shape,only China,Brazil and India have enough hard currencies in reserves to last them for 7 months to a year .
Did not mention SE Asian countries,I bet they have problems too .
No mention of gold,besides hard currencies,all reserve banks have some gold.
$1.18 US Dollar to buy a British Pound. What with the US Dollar value so strong, it is a good time to go to Europe.
Today it is at $1.05 USD to 1 UK pound. What a huge change in one month, which is also a flashing sign of big problems on the horizon. The Euro has also lost another 5 percent against the dollar in just a few months, which is a pay raise for me since my retirement income is US based and everything I buy here in Germany is in Euro.
I don’t understand it, but I wonder what’s going on with the pound, euro, and dollar reaching par with each other. It feels like a reset of sorts where the west is circling the wagons.
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