Where will the Euro vs Dollar move in 2012?

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Originally Posted by omegaet

"Renunciation of U.S. citizenship was free until July, 2010, at which time a new fee of $450 was imposed......"

We have choices....we can always leave and find another place (in our case, we have looked for several years now and haven't found a place that appears to meet out needs....at least on a permanent basis).

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O, you are right, we do have choices! However, I was amazed that the US would charge you to give up your US citizenship. On the other hand, splitting your time between the US and another country of your choices is having the best of both worlds....

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Originally Posted by omegaet

"Renunciation of U.S. citizenship was free until July, 2010, at which time a new fee of $450 was imposed......"

We have choices....we can always leave and find another place (in our case, we have looked for several years now and haven't found a place that appears to meet out needs....at least on a permanent basis).

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-O-, I might complain a great deal about our government, certain policies, excessive and self-serving taxation but I have no intentions of renunciation of my citizenship.

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Originally Posted by omegaet

Our last trip to Europe was in June 2010, when we enjoyed an exchange rate of €.80 to $1.00, since that time we have watched the value of the dollar decline against the Euro. During the past six month we have observed an more favorable exchange rate for the dollar vs the Euro. Although there are a number of destinations in the EU which hold interest to us, we see no reason to experience a devalued currency exchange as a penalty to visit.

What are your opinions regarding the stability or instability of the Euro during the next twelve months? Is this the year to travel in EU countries or not?

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Glad we guessed right on the € vs $ currency futures early this year. The 'move' during the past seven months will basically finance the upcoming trip to Portugal.

Sometimes you guess right and sometimes you guess wrong!

This has been quite a passionate thread. (I was reading back a few pages)
We saw a prime example of the Euro change in Valencia Spain this last weekend. I bought a glass of wine at a patio restaurant in a busy part of town for E2 and paella for 2 was 12--it had to be reasonable because the locals can't afford to eat otherwise. (Not so in Barcelona 2 months ago--very pricey for everything!)
O--I hope the rates are good to you in Portugal (I am SO ENVIOUS!)

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Originally Posted by kyshel

This has been quite a passionate thread. (I was reading back a few pages)
We saw a prime example of the Euro change in Valencia Spain this last weekend. I bought a glass of wine at a patio restaurant in a busy part of town for E2 and paella for 2 was 12--it had to be reasonable because the locals can't afford to eat otherwise. (Not so in Barcelona 2 months ago--very pricey for everything!)
O--I hope the rates are good to you in Portugal (I am SO ENVIOUS!)

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Thanks, kyshel.....Portugal is looking just fine.

The original question was based on a hunch we had on a currency futures move for the Euro.

Some times you guess right - sometimes you guess wrong.

http://chart.finance.yahoo.com/z?s=E...n-US&region=US

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Originally Posted by copahc

http://chart.finance.yahoo.com/z?s=E...n-US&region=US

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This looks like a topographic cross section of the Himalayan Range rather than the movement of the Euro.

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Originally Posted by copahc

http://chart.finance.yahoo.com/z?s=E...n-US&region=US

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Does that chart me it is good or bad news?

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Originally Posted by Mountie

Does that chart me it is good or bad news?

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This means good news if you intend to visit the EU. Today it will cost you $1.23 to buy 1 Euro. On Sep. 11, 2011, it would have cost you $1.45 to buy a Euro. So the Euro is coming down.

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Originally Posted by LL_Travelfan

This means good news if you intend to visit the EU. Today it will cost you $1.23 to buy 1 Euro. On Sep. 11, 2011, it would have cost you $1.45 to buy a Euro. So the Euro is coming down.

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Good news?

Still sounds too expensive, unless.

Well, unless you are able to fine a fabulous auction deal here on Luxury Link and use some travel award tickets to fly. Then, I still have to buy beer over there.