€ Currency projection for next 60 days?
Today's rate is up to $1.37 compared to $1.28 a few weeks ago and I am already sick that I did not buy then and I cannot wait for ATM's over there since I require a large amount.
Are any of you economic geniuses tracking the forecast for the next 60 days?
Thanks for any help!
Bill
Fort Myers, FL USA 3/19/09
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Not to make light of your question but it's like asking AIG for help.
Nothing is for sure in forex. Predictions are predictions. You never know. I personally don't believe in long term investments, unless a new hot IPO came out, like ebay and google a while back.
Sadly predicting the future of currency exchange rates is like everything else in investing - trying to predict how much a barrel of oil will cost of the price of a stock in the future. If anyone is able to do it accurately, I have yet to meet them.
If you could find the answer to that question, I would spend less time worrying about buying cash for your trip and spend more time becoming very, very rich.
If it makes you feel any better the exchange rate for my last trip was $1.57. Ouch.
The Fed is vigorously printing money so the value of the dollar is decreasing against foreign currency. However, the European economy is also in the toilet lowering the value of the Euro.
In other words....who knows?
Contact your stock broker and tell him you want to buy Euro call options. That'll give him a laugh.
"The Fed is vigorously printing money so the value of the dollar is decreasing against foreign currency. However, the European economy is also in the toilet lowering the value of the Euro."
Absolutely true. The markets are very volatile right now, and the Euro might go back down if some new economic event happens that makes investors nervous and they start buying more Dollars again.
Linda is right. If we knew the answer to this one we wouldn't be worrying about 9 cents.
Yep
I have a trip coming up (Middle of April) to the Euro zone and while I want a strong dollar and weak Euro, I personally can't do any thing about it.
So I am not stressing about it and plan to have fun what ever the exchange rate happens to be.
It's weird that the exchange rate for the euro is almost the same as the pound -- pounds are going for $1.47.
The Dollar dropped on Geithners "openness" to consider a global currency.
I'm sure the Pound isn't doing well on UK Bank's assertion that Gordon Brown had spent until Britain had run out of money.
We paid a lot more last summer, but travelled anyway. I have given up on wondering and agonising over the exchange rate. We enjoyed ourselves, and to be honest, it really isn't worth worrying about. Either you can afford to travel or not. If the exchange is higher than you can comfortably afford, then make a few changes in how you dine and whatever accommodations and sightseeing you will do.
Either way, enjoy!