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Buying US dollars Foreign Exchange

Kingkong · 2009-09-05 12:48:31

Hey, I am heading away in 3 weeks time. Im a but confused with exchange rates and cant work out it the dollar is strengthening or weaking against the Euro. Basically should I buy now or wait a while??

05-09-2009 12:48pm

#1

Kingkong

Registered Users, Registered Users 2 Posts: 562 ✭✭✭

Join Date: November 2004

Posts: 425

Hey,

I am heading away in 3 weeks time. Im a but confused with exchange rates and cant work out it the dollar is strengthening or weaking against the Euro.

Basically should I buy now or wait a while??

0

Comments

#2 06-09-2009 2:18pm

scout353

Registered Users, Registered Users 2 Posts: 1,170 ✭✭✭

Join Date: September 2003

Posts: 1056

If you check the last three months or so you can see that the Dollar is weakening against euro. In June a euro was worth around $1.38. At the moment it is $1.43 so you would gain!

So you are gaining $5 for every €100 you wish to purchase!

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