The Euro versus the $
Apr 20th 2003, 4:43 am
#16
Guest
Posts: n/a
Re: The Euro versus the $
The more critical problem is that you are unlikely to know the good
economical places in Ireland. Just as someone from there would not
understand your home town. Expenses usually run to whatever you have
available,
The exchange rate will be about $1.10 for each euro for the next week or
so. After that it depends on the perception of the underlying
economies. On both sides there are serious problems.
Frank Matthews
NLortscher wrote:
> What is our dollar worth versus the Euro? Going to Ireland soon and need to
> figure if my expenses are going to more than I planned, i.e. if the Euro is
> better than the dollar.
economical places in Ireland. Just as someone from there would not
understand your home town. Expenses usually run to whatever you have
available,
The exchange rate will be about $1.10 for each euro for the next week or
so. After that it depends on the perception of the underlying
economies. On both sides there are serious problems.
Frank Matthews
NLortscher wrote:
> What is our dollar worth versus the Euro? Going to Ireland soon and need to
> figure if my expenses are going to more than I planned, i.e. if the Euro is
> better than the dollar.
Apr 20th 2003, 5:01 am
#17
Guest
Posts: n/a
Re: The Euro versus the $
"Mason Barge" wrote in message
news:[email protected]...
> I don't find it difficult to add 10% to a price.
But how do you know that 10% will be the right number of any particular
day - or do you spend you vacation worrying about the changes in exchange
rate?
news:[email protected]...
> I don't find it difficult to add 10% to a price.
But how do you know that 10% will be the right number of any particular
day - or do you spend you vacation worrying about the changes in exchange
rate?
Apr 20th 2003, 5:08 am
#18
Guest
Posts: n/a
Re: The Euro versus the $
And for those that produced a long list of "dollars" - you well know that
all but one of them are imposters.
The real dollar is the one that the euro was created to approximately equal.
The euro could have been created to have any other value, but they made an
"obvious" choice.
[Ducking flames]
all but one of them are imposters.
The real dollar is the one that the euro was created to approximately equal.
The euro could have been created to have any other value, but they made an
"obvious" choice.
[Ducking flames]
Apr 20th 2003, 5:22 am
#19
Guest
Posts: n/a
Re: The Euro versus the $
> What is our dollar worth versus the Euro? Going to Ireland soon and need
to
> figure if my expenses are going to more than I planned, i.e. if the Euro
is
> better than the dollar.
We were in Ireland last week. 300 Euro cost $335 USD. Included was the
bank charge.
Jimmie
to
> figure if my expenses are going to more than I planned, i.e. if the Euro
is
> better than the dollar.
We were in Ireland last week. 300 Euro cost $335 USD. Included was the
bank charge.
Jimmie
Apr 20th 2003, 5:27 am
#20
Guest
Posts: n/a
Re: The Euro versus the $
Sjoerd wrote:
> "NLortscher" schreef:
>> What is our dollar worth versus the Euro?
> "Our" dollar? American, Canadian, Australian, New Zealand, Singapore, Hong
> Kong, New Taiwan?
... Bahamas, Barbados, Bermuda, Brunei, Caymans, Fiji, Guyana, Jamaica,
Liberia, Namibia, Soloman Islands, Trinidad'n'Tobago, Zimbabwe...
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Dubai and Vietnam
> "NLortscher" schreef:
>> What is our dollar worth versus the Euro?
> "Our" dollar? American, Canadian, Australian, New Zealand, Singapore, Hong
> Kong, New Taiwan?
... Bahamas, Barbados, Bermuda, Brunei, Caymans, Fiji, Guyana, Jamaica,
Liberia, Namibia, Soloman Islands, Trinidad'n'Tobago, Zimbabwe...
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Dubai and Vietnam
Apr 20th 2003, 8:12 am
#21
Guest
Posts: n/a
Re: The Euro versus the $
"R J Carpenter" wrote in
news:[email protected]:
> The euro could have been created to have any other value, but they
> made an "obvious" choice.
Not coincidence, but not choice either. Instead, history:
The earliest Euro forerunner is the "European Unit of Account" from the
late 1940s. It was a virtual bookkeeping unit created to handle Marshall
Plan funds, and it was on par with the US dollar for obvious reasons.
In 1979 came the "European Currency Unit", another virtual currency whose
value was calculated from a weighted basket of EC member currencies
multiplied by an arbitrary adjustment factor. This factor was initially
chosen to be 1:1 against the EUA.
The Euro's exchange rate was originally likewhise calculated from a basket
of EU member currencies, multiplied by an arbitrary adjustment factor. Once
again, at the day of its conception this adjustment was chosen to be 1:1
against the ECU.
So, at the beginning of the chain stood the US dollar, but the rest is not
so much intention but consistency.
Sources:
http://www.globalfindata.com/framese...on=/gh/90.html
http://www.google.de/groups?selm=m3w...nn.uklinux.net
(Q.F3)
> [Ducking flames]
Not a flame, just correction.
Regards
--
Hódmezövásárhelykutasipuszta
news:[email protected]:
> The euro could have been created to have any other value, but they
> made an "obvious" choice.
Not coincidence, but not choice either. Instead, history:
The earliest Euro forerunner is the "European Unit of Account" from the
late 1940s. It was a virtual bookkeeping unit created to handle Marshall
Plan funds, and it was on par with the US dollar for obvious reasons.
In 1979 came the "European Currency Unit", another virtual currency whose
value was calculated from a weighted basket of EC member currencies
multiplied by an arbitrary adjustment factor. This factor was initially
chosen to be 1:1 against the EUA.
The Euro's exchange rate was originally likewhise calculated from a basket
of EU member currencies, multiplied by an arbitrary adjustment factor. Once
again, at the day of its conception this adjustment was chosen to be 1:1
against the ECU.
So, at the beginning of the chain stood the US dollar, but the rest is not
so much intention but consistency.
Sources:
http://www.globalfindata.com/framese...on=/gh/90.html
http://www.google.de/groups?selm=m3w...nn.uklinux.net
(Q.F3)
> [Ducking flames]
Not a flame, just correction.
Regards
--
Hódmezövásárhelykutasipuszta
Apr 20th 2003, 10:23 am
#22
Guest
Posts: n/a
Re: The Euro versus the $
"Wolfgang Schwanke" wrote in message
news:[email protected]...
> "R J Carpenter" wrote in
> news:[email protected]:
> > The euro could have been created to have any other value, but they
> > made an "obvious" choice.
> Not coincidence, but not choice either. Instead, history:
> The earliest Euro forerunner is the "European Unit of Account" from the
> late 1940s. It was a virtual bookkeeping unit created to handle Marshall
> Plan funds, and it was on par with the US dollar for obvious reasons.
> In 1979 came the "European Currency Unit", another virtual currency whose
> value was calculated from a weighted basket of EC member currencies
> multiplied by an arbitrary adjustment factor. This factor was initially
> chosen to be 1:1 against the EUA.
> The Euro's exchange rate was originally likewhise calculated from a basket
> of EU member currencies, multiplied by an arbitrary adjustment factor.
Once
> again, at the day of its conception this adjustment was chosen to be 1:1
> against the ECU.
> So, at the beginning of the chain stood the US dollar, but the rest is not
> so much intention but consistency.
I was aware of the approximate history of the ECU, but the general public
never saw it in daily life - since it wan't a minted / printed currency.
> > [Ducking flames]
> Not a flame, just correction.
Not a correction, an explanation - but also another value could have been
chosen if it had been felt that the ECU {close to the dollar] was not a good
idea.
I hope you realize that my arguments are at least a little "tongue in
cheek". Or perhaps a bit of a troll to incite the Europeans who are overly
sensitive about dollar hegemony. It's far too soon to expect the euro to
rival the $ as a reserve currency, but I'd be the last person to say it
won't happen.
> Regards
> --
> Hódmezövásárhelykutasipuszta
news:[email protected]...
> "R J Carpenter" wrote in
> news:[email protected]:
> > The euro could have been created to have any other value, but they
> > made an "obvious" choice.
> Not coincidence, but not choice either. Instead, history:
> The earliest Euro forerunner is the "European Unit of Account" from the
> late 1940s. It was a virtual bookkeeping unit created to handle Marshall
> Plan funds, and it was on par with the US dollar for obvious reasons.
> In 1979 came the "European Currency Unit", another virtual currency whose
> value was calculated from a weighted basket of EC member currencies
> multiplied by an arbitrary adjustment factor. This factor was initially
> chosen to be 1:1 against the EUA.
> The Euro's exchange rate was originally likewhise calculated from a basket
> of EU member currencies, multiplied by an arbitrary adjustment factor.
Once
> again, at the day of its conception this adjustment was chosen to be 1:1
> against the ECU.
> So, at the beginning of the chain stood the US dollar, but the rest is not
> so much intention but consistency.
I was aware of the approximate history of the ECU, but the general public
never saw it in daily life - since it wan't a minted / printed currency.
> > [Ducking flames]
> Not a flame, just correction.
Not a correction, an explanation - but also another value could have been
chosen if it had been felt that the ECU {close to the dollar] was not a good
idea.
I hope you realize that my arguments are at least a little "tongue in
cheek". Or perhaps a bit of a troll to incite the Europeans who are overly
sensitive about dollar hegemony. It's far too soon to expect the euro to
rival the $ as a reserve currency, but I'd be the last person to say it
won't happen.
> Regards
> --
> Hódmezövásárhelykutasipuszta
Apr 20th 2003, 12:00 pm
#23
Guest
Posts: n/a
Re: The Euro versus the $
Sjoerd wrote in message
news:[email protected]...
> "NLortscher" schreef in bericht
> news:[email protected]...
> > What is our dollar worth versus the Euro?
> "Our" dollar? American, Canadian, Australian, New Zealand, Singapore, Hong
> Kong, New Taiwan?
You know exactly which currency they are referring to! There is only one
nationality that assumes this is a US only newsgroup.
---
DFM
news:[email protected]...
> "NLortscher" schreef in bericht
> news:[email protected]...
> > What is our dollar worth versus the Euro?
> "Our" dollar? American, Canadian, Australian, New Zealand, Singapore, Hong
> Kong, New Taiwan?
You know exactly which currency they are referring to! There is only one
nationality that assumes this is a US only newsgroup.
---
DFM
Apr 20th 2003, 1:01 pm
#24
Guest
Posts: n/a
Re: The Euro versus the $
R J Carpenter wrote:
> "Mason Barge" wrote:
>> I don't find it difficult to add 10% to a price.
> But how do you know that 10% will be the right number of any particular
> day - or do you spend you vacation worrying about the changes in exchange
> rate?
Not many places you can go where today's exchange rate won't be "close
enough" tomorrow.
Only time I remember that was in Indonesia during the currency collapse in
1998. Local money was losing 10% a day for a while. All the neighbors
gathered around the TV in the hotel lobby to watch CNBC and frown. We went
to the ATM each morning and just took out what we'd need that day.
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Dubai and Vietnam
> "Mason Barge" wrote:
>> I don't find it difficult to add 10% to a price.
> But how do you know that 10% will be the right number of any particular
> day - or do you spend you vacation worrying about the changes in exchange
> rate?
Not many places you can go where today's exchange rate won't be "close
enough" tomorrow.
Only time I remember that was in Indonesia during the currency collapse in
1998. Local money was losing 10% a day for a while. All the neighbors
gathered around the TV in the hotel lobby to watch CNBC and frown. We went
to the ATM each morning and just took out what we'd need that day.
miguel
--
Hit The Road! Photos and tales from around the world: http://travel.u.nu
Latest photos: Dubai and Vietnam
Apr 20th 2003, 5:34 pm
#25
Guest
Posts: n/a
Re: The Euro versus the $
"R J Carpenter" wrote in
news:[email protected]:
> I was aware of the approximate history of the ECU, but the general
> public never saw it in daily life - since it wan't a minted / printed
> currency.
Don't forget the EUA, ECU was already the second step. The ECU was used in
trade, there were bank accounts in ECU, you could buy ECU traveller
cheques.
> Not a correction, an explanation - but also another value could have
> been chosen if it had been felt that the ECU {close to the dollar] was
> not a good idea.
For all proactical purposes, the Euro is identical to the ECU, no point
changing its value. Some politicians merely believed that the name should
be changed, so they came up with an uglier one. I'd have preferred "ECU" as
a daily name, since it's much more elegantly coined and doesn't have that
"let's find a childish name that goes down well with the public" feel.
> I hope you realize that my arguments are at least a little "tongue in
> cheek". Or perhaps a bit of a troll to incite the Europeans who are
> overly sensitive about dollar hegemony.
I could care less about the dollar, the old European currencies did (Pound
Sterling and Swiss Franks still do) have international importance where it
mattered. If anything I'm sensitive about ethnic arrogance, which is most
of the time caused by ignorance.
[I don't mean you, just a general
remark]
Regards
--
Hódmezövásárhelykutasipuszta
news:[email protected]:
> I was aware of the approximate history of the ECU, but the general
> public never saw it in daily life - since it wan't a minted / printed
> currency.
Don't forget the EUA, ECU was already the second step. The ECU was used in
trade, there were bank accounts in ECU, you could buy ECU traveller
cheques.
> Not a correction, an explanation - but also another value could have
> been chosen if it had been felt that the ECU {close to the dollar] was
> not a good idea.
For all proactical purposes, the Euro is identical to the ECU, no point
changing its value. Some politicians merely believed that the name should
be changed, so they came up with an uglier one. I'd have preferred "ECU" as
a daily name, since it's much more elegantly coined and doesn't have that
"let's find a childish name that goes down well with the public" feel.
> I hope you realize that my arguments are at least a little "tongue in
> cheek". Or perhaps a bit of a troll to incite the Europeans who are
> overly sensitive about dollar hegemony.
I could care less about the dollar, the old European currencies did (Pound
Sterling and Swiss Franks still do) have international importance where it
mattered. If anything I'm sensitive about ethnic arrogance, which is most
of the time caused by ignorance.
[I don't mean you, just a general remark]
Regards
--
Hódmezövásárhelykutasipuszta
Apr 21st 2003, 1:36 am
#26
Guest
Posts: n/a
Re: The Euro versus the $
> You know exactly which currency they are referring to! There is only one
> nationality that assumes this is a US only newsgroup.
Other nationalities using "dollars" could at least have the decency and
creativity to choose a different name for their currency, to avoid
confusion. I mean, really.
> nationality that assumes this is a US only newsgroup.
Other nationalities using "dollars" could at least have the decency and
creativity to choose a different name for their currency, to avoid
confusion. I mean, really.
Apr 21st 2003, 2:01 am
#27
Guest
Posts: n/a
Re: The Euro versus the $
"Fustanella" skrev i meddelandet
news:[email protected]...
> > You know exactly which currency they are referring to! There is only one
> > nationality that assumes this is a US only newsgroup.
> Other nationalities using "dollars" could at least have the decency and
> creativity to choose a different name for their currency, to avoid
> confusion. I mean, really.
So why can't you change ?
Dollar origins AFAIK from the German taler and the Scandinavian daler, don't
think anyone can claim exclusive right to the name.
Or perhaps Sweden can sue Czech republic for using crowns ??
news:[email protected]...
> > You know exactly which currency they are referring to! There is only one
> > nationality that assumes this is a US only newsgroup.
> Other nationalities using "dollars" could at least have the decency and
> creativity to choose a different name for their currency, to avoid
> confusion. I mean, really.
So why can't you change ?
Dollar origins AFAIK from the German taler and the Scandinavian daler, don't
think anyone can claim exclusive right to the name.
Or perhaps Sweden can sue Czech republic for using crowns ??
Apr 21st 2003, 3:40 am
#28
Guest
Posts: n/a
Re: The Euro versus the $
"NLortscher" wrote in message
news:[email protected]...
> What is our dollar worth versus the Euro? Going to Ireland soon and need
to
> figure if my expenses are going to more than I planned, i.e. if the Euro
is
> better than the dollar.
You can find out exactly at:
http://www.xe.com/ucc/
Bear in mind that the rate you see there is slightly better than you can get
trading small amounts. BTW, last year I had to send a check in Euros to
someone in Spain and this company turned out to be a great way to do it at a
good exchange rate with essentially no fee--their profit was built into the
spread and it was fairly small. Took a little setting up, but they are easy
to work with and very efficient..
Bruce
news:[email protected]...
> What is our dollar worth versus the Euro? Going to Ireland soon and need
to
> figure if my expenses are going to more than I planned, i.e. if the Euro
is
> better than the dollar.
You can find out exactly at:
http://www.xe.com/ucc/
Bear in mind that the rate you see there is slightly better than you can get
trading small amounts. BTW, last year I had to send a check in Euros to
someone in Spain and this company turned out to be a great way to do it at a
good exchange rate with essentially no fee--their profit was built into the
spread and it was fairly small. Took a little setting up, but they are easy
to work with and very efficient..
Bruce
Apr 21st 2003, 4:36 am
#29
Guest
Posts: n/a
Re: The Euro versus the $
"Lennart Petersen" wrote:
>"Fustanella" skrev i meddelandet
>news:[email protected]...
>> > You know exactly which currency they are referring to! There is only one
>> > nationality that assumes this is a US only newsgroup.
>> Other nationalities using "dollars" could at least have the decency and
>> creativity to choose a different name for their currency, to avoid
>> confusion. I mean, really.
>So why can't you change ?
>Dollar origins AFAIK from the German taler and the Scandinavian daler, don't
>think anyone can claim exclusive right to the name.
>Or perhaps Sweden can sue Czech republic for using crowns ??
Lennart, I think you just had your leg pulled.
PB
>"Fustanella" skrev i meddelandet
>news:[email protected]...
>> > You know exactly which currency they are referring to! There is only one
>> > nationality that assumes this is a US only newsgroup.
>> Other nationalities using "dollars" could at least have the decency and
>> creativity to choose a different name for their currency, to avoid
>> confusion. I mean, really.
>So why can't you change ?
>Dollar origins AFAIK from the German taler and the Scandinavian daler, don't
>think anyone can claim exclusive right to the name.
>Or perhaps Sweden can sue Czech republic for using crowns ??
Lennart, I think you just had your leg pulled.
PB
Apr 21st 2003, 5:54 am
#30
Guest
Posts: n/a
Re: The Euro versus the Thai baht
> Lennart, I think you just had your leg pulled.
Ayup.
Somewhat related: did that issue a while back with the 2-euro coin being
metallurgically similar enough to a Thai baht ever get resolved?
Last I heard, European vending machines were being retrofitted as it
appears the Thai currency made it into the global registry of coin
attributes first. The Euro being more widely used at the time folks were
giving themselves discounts didn't seem to sway the parties involved.
Ayup.
Somewhat related: did that issue a while back with the 2-euro coin being
metallurgically similar enough to a Thai baht ever get resolved?
Last I heard, European vending machines were being retrofitted as it
appears the Thai currency made it into the global registry of coin
attributes first. The Euro being more widely used at the time folks were
giving themselves discounts didn't seem to sway the parties involved.
