Euro vs. U.S. Dollar

drayman86 · Post by **drayman86** » Tue 24th Feb 2009 10:34 am

Although my trip isn't until October, I've been keenly watching the Euro/U.S. Dollar exchange rate. The Wall Street Journal has interesting information and up-to-the minute rates on all major currencies.

I have a local currency dealer who can exchange for about 5% above current rates, which is the best I've found. If the Euro falls to $1.20 U.S. or below, I'm gonna pull the trigger and exchange my trip money at that time, and then sit on it until I travel.

tbk420 · Post by **tbk420** » Tue 24th Feb 2009 10:38 am

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Pala · Post by **Pala** » Tue 24th Feb 2009 04:43 pm

I always double-down when dealt a 10 or 11. And I always Hit on a soft 17.

YMMV,
chuck.

Couch · Post by **Couch** » Tue 24th Feb 2009 06:49 pm

I'm going in about 7 weeks, and have been happily watching the euro slide, making the exchange rate more favorable. I thought I was a little crazy when I booked the trip a couple months ago due to exchange rates back then, but things are really looking good now. $1.27/euro as of this morning. I'm hoping for the mythical 1:1, but not holding my breath. I'll be happy if it just stays the same as it is now

d3lt4-9 · Post by **d3lt4-9** » Tue 24th Feb 2009 06:59 pm

I've been hoping for the same thing. I'll be there in May, so I have about three months, plenty of time to see the scales even out more. I'm so tired of losing a quarter of my cash at the exchange.

drayman86 · Post by **drayman86** » Wed 25th Feb 2009 12:32 am

tbk420 wrote:I'm going in April, and just read an article that said the euro is supposed to lose ground throughout the year.

I look every day, hoping for a euro crash!

Be careful what you wish for; a crash would surely result in skyrocketing inflation. Eastern Europe is already headed for the shitter, with Poland and others looking to adopt the Euro in order to prop up their own failing currencies.

If U.S. stocks continue to tank and the E. European economy keeps sliding, investors will flock to the good 'ole Greenback, boosting its value. I'm not greedy; about a buck-twenty would be cool w/ me. That's my trigger.