Friday, November 9, 2007
Dollar Continues to Plunge
In today's currency trading, US$1.00 netted CDN$.96, .6815 Euro, 1.222 Swiss francs and .4580 British pounds. Great for Canadians and Europeans coming to the US but a real budget buster for Americans traveling elsewhere. If you are traveling abroad in the next few months and believe that the dollar's freefall has not ended, you might want to exchange some dollars into your destination's currency now.
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That's a good idea. I am planning to go to Spain in Spring. I might have to change my plans if the dollar keeps on dropping, but I might hedge my bets by buying some Euros now. - Lee Philips
ReplyDeleteThat reminds me I still have a handful of Euro coins in my bag - mostly the E2 ones - that feel like quarters but worth far more.
ReplyDeleteI keep forgetting to exchange them when downtown or at the aiport. Maybe I should just hang on to them. They could be providing a higher return than my 401k!
It probably already has, James. In Europe, where today was not a bank holiday, the dollar bought .6881 euros.
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