Euro is Awfully Low right now!
When it comes to Money / Currency I am NOT that much of a Pro. However a Simple look at charts etc over the last few years Show the EURO is Way down compared to the US Dollar or ANY Countries currency for that matter. I'm sure there are many thinking there are massive profits to be reaped BUT There are Concerns and I do NOT know them all.. Here are some things to Consider.
It is NOT at its all time low Now at 1.06 to the Dollar it is still over 35% above its Low point set long ago. that was more around 12 or 14 years ago I believe at around .70 per dollar then.
There was Massive Pressure on Bailouts of Greece and other countries that are part of The EU / European Union. This of course has HAD to have devalued the CCurrency somewhat. Any more Pressure on more Countries in the Union May be a HUGE Problem!
I used to Travel there every year Now for the last few years i have been unable to do so due to Schedule and Business Model Changes etc. Now I really want to go more because since the last time I went the Dollar is 23% Stronger now than it was then... YEEEE HAAAAW!!
A person woud think that other people are thinking the same thing and if able they will Travel there and take advantage of the Savings. Normally 2 years ago a 3 Week Trip Cost would be around $3500 to $4000 to Travel to Europe. With the devaluation of the Euro this at 23% less is now closer to $2650 to $3100 WOW Now thats True Value!!
It is NOT at its all time low Now at 1.06 to the Dollar it is still over 35% above its Low point set long ago. that was more around 12 or 14 years ago I believe at around .70 per dollar then.
There was Massive Pressure on Bailouts of Greece and other countries that are part of The EU / European Union. This of course has HAD to have devalued the CCurrency somewhat. Any more Pressure on more Countries in the Union May be a HUGE Problem!
I used to Travel there every year Now for the last few years i have been unable to do so due to Schedule and Business Model Changes etc. Now I really want to go more because since the last time I went the Dollar is 23% Stronger now than it was then... YEEEE HAAAAW!!
A person woud think that other people are thinking the same thing and if able they will Travel there and take advantage of the Savings. Normally 2 years ago a 3 Week Trip Cost would be around $3500 to $4000 to Travel to Europe. With the devaluation of the Euro this at 23% less is now closer to $2650 to $3100 WOW Now thats True Value!!
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Euro vs Dollar Currency Chart.
As you can see in this simple chart below the Euro is down Big Time. Honetly I would Expect some to take advantage of the EURO as a Investment as well as just for Travel Plans... If not now soon it would seem.
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Time to Invest in Money / Currency ??
In the end whether it is Stocks, Bonds, Currency or Futures of some Sort People will Invest both ways make sure and do some research and understand these Investments are NOT FDIC Insured in any way and you could lose a Heck of A Lot of Money as well as Profit from them!
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