Good news for foreign travel - dollar will strenghten

dex · 09-17-2008, 09:38 AM

Redeker Says BNP Paribas 'Very Bearish' on Euro, Pound - Recherche vidéo sur Truveo

This guy is pretty good.
He is forecasting euro parity with the US$ in 5 years.

The down side is that your foreign investments and US exports will go down.
I'm guessing that it would also mean oil will go down also (oil up, dollar down/)

Redeker Sees Dollar Rising as Capital Returns to U.S. - Recherche vidéo sur Truveo
Here he says euro = 1.20 in 2009

So I'm guessing there is some money to be made in the euro - buy the 1.20 bounce and then sell.

rs0460a · 09-17-2008, 10:05 AM

In the late 90's, when I worked in France (I was based in the US, but had a small staff, along with my boss, there), the Euro started out at about being 1EU = .78 USD.

How things change

....

My DW/me still go there 1/2x a year in our retirement travels and I've been keeping my Euros rather than cashing them in (hey, I'm going long on FOREX!).

- Ron

audreyh1 · 09-18-2008, 09:26 PM

By then I'll be ready to take advantage of it!

Audrey

FIREdreamer · 09-18-2008, 10:27 PM

I have been saying for a while that the Euro is way, way overvalued relative to the USD (particularly based on purchasing power parity). I have been waiting to purchase a condo in western Europe for a few years now. It looks like, with a weaker Euro and a weakening real estate market in some parts of Europe, I may be able to find some bargains in a few years.

newlife06 · 09-19-2008, 04:32 PM

I just booked two nights stay in an Amsterdam Hotel prior to a guided "all-inclusive" tour...geez, the rates for a nice room are outrageous! Our first international trip. Guess I will rethink Euro trips in the future!

sendbaht · 10-30-2008, 06:18 AM

Retired living in Thailand. I've seen the Baht move the last few months for 30/31 baht to the dollar to 35 baht to the dollar. It's great, now I need the stock market to go up so I can enjoy it some.

Medit8 · 10-30-2008, 06:32 AM

Quote:

Originally Posted by sendbaht

Retired living in Thailand. I've seen the Baht move the last few months for 30/31 baht to the dollar to 35 baht to the dollar. It's great, now I need the stock market to go up so I can enjoy it some.

You got to hope Tarisa Watanagase gets her act together. She is stubbornly refusing to lower interest rates and exports and tourism is suffering as a consequence.

A Bangsaen dweller

Billy · 11-05-2008, 07:17 PM

When Billy and I arrived in Chapala, Mexico at the end of August this year, the Mexican peso was about 10 to the dollar. It is now about 12.5 to the dollar. We have enjoyed the benefits of the increased buying power in just about every category: our rent is in pesos, and food, dining, entertainment, transport, etc. all have been cheaper now that our dollar buys more.

So even though the markets took a nosedive, the strengthening of the dollar has been appreciated. We notice the difference on a daily basis.

Akaisha
Author, The Adventurer's Guide to Early Retirement

09-17-2008, 09:38 AM	#1
dex Thinks s/he gets paid by the post Join Date: Oct 2003 Posts: 3,172	Good news for foreign travel - dollar will strenghten Redeker Says BNP Paribas 'Very Bearish' on Euro, Pound - Recherche vidéo sur Truveo This guy is pretty good. He is forecasting euro parity with the US$ in 5 years. The down side is that your foreign investments and US exports will go down. I'm guessing that it would also mean oil will go down also (oil up, dollar down/) Redeker Sees Dollar Rising as Capital Returns to U.S. - Recherche vidéo sur Truveo Here he says euro = 1.20 in 2009 So I'm guessing there is some money to be made in the euro - buy the 1.20 bounce and then sell. __________________ Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral

09-18-2008, 10:27 PM	#4
FIREdreamer Thinks s/he gets paid by the post Join Date: May 2007 Posts: 1,483	I have been saying for a while that the Euro is way, way overvalued relative to the USD (particularly based on purchasing power parity). I have been waiting to purchase a condo in western Europe for a few years now. It looks like, with a weaker Euro and a weakening real estate market in some parts of Europe, I may be able to find some bargains in a few years. __________________ "Fortune favors the brave" - Virgil

09-19-2008, 04:32 PM	#5
newlife06 Recycles dryer sheets Join Date: Jul 2008 Posts: 51	I just booked two nights stay in an Amsterdam Hotel prior to a guided "all-inclusive" tour...geez, the rates for a nice room are outrageous! Our first international trip. Guess I will rethink Euro trips in the future! __________________ Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down! ~ Oprah Winfrey DH and I FIRE'd at 47, living off assets...enjoying life immensely...learning new things!

10-30-2008, 06:18 AM	#6
sendbaht Dryer sheet aficionado Join Date: Apr 2006 Location: Chiang Mai Posts: 41	Thai Baht Retired living in Thailand. I've seen the Baht move the last few months for 30/31 baht to the dollar to 35 baht to the dollar. It's great, now I need the stock market to go up so I can enjoy it some. __________________ Sendbaht

11-05-2008, 07:17 PM	#8
Billy Full time employment: Posting here. Join Date: May 2004 Posts: 804	When Billy and I arrived in Chapala, Mexico at the end of August this year, the Mexican peso was about 10 to the dollar. It is now about 12.5 to the dollar. We have enjoyed the benefits of the increased buying power in just about every category: our rent is in pesos, and food, dining, entertainment, transport, etc. all have been cheaper now that our dollar buys more. So even though the markets took a nosedive, the strengthening of the dollar has been appreciated. We notice the difference on a daily basis. Akaisha Author, The Adventurer's Guide to Early Retirement __________________ Self reliance builds confidence.** Retire Early Lifestyle

09-17-2008, 10:05 AM	#2
rs0460a Full time employment: Posting here. Join Date: Feb 2006 Posts: 987	In the late 90's, when I worked in France (I was based in the US, but had a small staff, along with my boss, there), the Euro started out at about being 1EU = .78 USD. How things change .... My DW/me still go there 1/2x a year in our retirement travels and I've been keeping my Euros rather than cashing them in (hey, I'm going long on FOREX!). - Ron

09-18-2008, 09:26 PM	#3
audreyh1 Thinks s/he gets paid by the post Join Date: Jan 2006 Posts: 2,222	By then I'll be ready to take advantage of it! Audrey

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