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exchange rates

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  • 26-06-2013 9:10pm
    #1
    gumbo1
    Registered Users Posts: 683 ✭✭✭


    Hi all, I will be heading to the US in November and will be looking to get an exchange from Euro to dollar. I was just wondering if the current rate of 1.30$ to 1€ was a good rate or if it would be anybody's guess what way it will be closer to the time?
    Any advise welcomed!!


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    #2
    Stenth
    Registered Users Posts: 64 ✭✭Stenth


    One way of answering your question is to look at historical rates.
    Here is a graph of the exchange rate for the last year.

    Or you could try to predict if USD will fall within the next months compared to the EUR. Personally, I think it will. The US keeps printing billions of dollars to add to their deficit, and in a sane world this would eventually mean that all these dollars would be worth less. But then, this should in my mind already have happened, so what do I know? Clearly it's more complicated than that.

    If you are looking to exchange a significant sum of money, the safest thing is probably to exchange a portion of it every two months or so.


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    #3
    Voltex
    Registered Users Posts: 1,580 ✭✭✭Voltex


    I think there seems to be consensus amongst traders the euro/dollar forecast for the next 6 months is to trade in the 1.25-1.30 range.

    Why don't you switch on CNBC in the morning to catch either Capital Connection or Squawk Box. They have plenty of Forex analysis.


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