Woe the US traveler going abroad

The British pound crossed $2.0725, a 26-year high. ($.48 US cents) It was about $1.80 a few years ago.

The Euro passed $1.4466, another high. ($.69 US cents) It started at around $0.85-0.90 when it first came out.

The Yen is up to 115.17. Remember when it was around 250.

The Loonie (CAD) is 1.0511 ($0.95 US cents) Remember when it used to cost about $1.35 to 1.40 in favor of Americans.

We used to get two Australian dollars for one US dollar. The rate is now 1.0837, almost towards parity.

* * * * *

If US interest rates drop again, expect the dollar the fall. We could made quite a taking if we went into currency trading a few years ago and know that strong US dollar is heading for the dumps.

Trackbacks

Trackback URL for this entry is: http://blog.case.edu/james.chang/mt-tb.cgi/15931

Comments

Post a comment





If you have entered an email address in the box, clicking this checkbox will subscribe your email address to this entry so that you are notified if any updates or additional comments occur on the entry.