Eur-woes

currency chartSince Gui and I travel at least once a year to the States, we try to track the movements of the Euro against the US Dollar so we can capitalize on the best exchange rates for our trips.  We’ve usually been pretty good about exchanging our currencies at really favorable rates, which lets us spend a bit more when we’re visiting and going out in The Land of Plenty.  Back in November, we talked about exchanging our fancy European money while it was towering over the dollar at about $1.50.  But my overly-confident optimism kept our Euros in the bank and our American bank account stagnant.  Since then, it’s all been literally downhill for the Euro, and we’ll likely be forced to deal with a relatively even, Dollar-for-Euro exchange rate while we’re visiting next month.  Which sucks.

While I’m clearly no expert on the subject, it wouldn’t surprise me to see the Euro pan out flat against the Dollar in the coming months.  With all the uncertainties surrounding the Greek and Spanish economies (and the French one, for that matter), the Euro seems to be holding less and less water these days.  Luckily for Gui and I, we don’t have a problem subsisting on 79¢ tacos and $1 Lone Star.  America The Great, indeed!

One Response to “Eur-woes” »»

  1. Comment by Paul | 05/16/10 at 5:29 am

    Now you know my problem of traveling to Europe for the last 7-8 years. I think the Euro has been overvalued for far too long and really should be closer to a 1 -1 exchange rate with the dollar.

    BTW – I’ve been a fan of your site for awhile. If you ever make it to Baltimore come by my Belgian Brasserie De Kleine Duivel. I don’t have $0.79 tacos and $1 Lone Star, but I’ll hook you guys up. ;-)

    Paul

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