General Question

jdegrazia's avatar

Is now a good time to buy Euros?

Asked by jdegrazia (274points) November 8th, 2008

I owe someone EUR 2k by the end of 2008. Do you think the US dollar will appreciate in relation to the Euro between now and Christmas?

Observing members: 0 Composing members: 0

3 Answers

srmorgan's avatar

EUR/USD rates have made a tremendous change since the early summer. I was paying 1,58 to the Euro and it is now down in the mid 1.20’s. Remarkable.

On EUR 2,000 the fluctuation in the costs of purchase are really miniscule.
For example I bought EUR on 11/8 at 1.2777. That would be $2,555.00 A fluctuation to 1.3 would only cost $2600 .

The difference in purchase price is just not worth worrying about.
If this is a big deal, then I would buy the Euros now and stop worrying about it/

SRM

srmorgan (6773points)“Great Answer” (2points) Flag as…
jdegrazia's avatar

@srmorgan Thanks much. Not worrying. Just curious.

jdegrazia (274points)“Great Answer” (1points) Flag as…
Steve_A's avatar

This question is old but look at the euro now!!

Steve_A (5130points)“Great Answer” (0points) Flag as…

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther