Declining US Dollar , best exchange rate ???

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Declining US Dollar , best exchange rate ??? nofear 04-19-2007  Re: Declining US Dollar , best exchange rate ??? PeterL 04-19-2007  Re: Declining US Dollar , best exchange rate ??? nofear 05-01-2007  Re: Declining US Dollar , best exchange rate ??? kastnna 05-01-2007
Posted by nofear on April 19, 2007, 10:02 am to me it looks like the USD is going away for good I'm thinking about exchange all my savings in to Euro, I'm planing on returning to EU. Where could I get the best exchange rate in the US ? thanks Posted by PeterL on April 19, 2007, 1:39 pm > to me it looks like the USD is going away for good > I'm thinking about exchange all my savings in to Euro, I'm planing on > returning to EU. > > Where could I get the best exchange rate in the US ? > > thanks Normally when I travel I get the best exchange rate by using my bank ATM card. But if you are talking about a large sum of money you may want to talk to several institutions with large european presence. As to whether the dollar is "going away for good" or not, that's a whole different question (which you didn't ask). One may just think that the US dollar is at the bottom right now and it's a good time to buy dollar. Posted by nofear on May 1, 2007, 8:50 am > > > to me it looks like the USD is going away for good > > I'm thinking about exchange all my savings in to Euro, I'm planing on > > returning to EU. > > > Where could I get the best exchange rate in the US ? > > > thanks > > Normally when I travel I get the best exchange rate by using my bank > ATM card. But if you are talking about a large sum of money you may > want to talk to several institutions with large european presence. > > As to whether the dollar is "going away for good" or not, that's a > whole different question (which you didn't ask). One may just think > that the US dollar is at the bottom right now and it's a good time to > buy dollar. Well all the people I talk to say that they can't see a reason why would the USD reverse it's course with this widening trading deficit. It does not look like that the US treasury is going to increase the benchmark interest rates anytime soon. So I'm asking what do you all think about the dollar decline ?? ======================================= MODERATOR'S COMMENT: Posters to this thread should relate comments to general financial planning. Posted by kastnna on May 1, 2007, 9:32 am > Well all the people I talk to say that they can't see a reason why > would the USD reverse it's course with this widening trading deficit. > It does not look like that the US treasury is going to increase the > benchmark interest rates anytime soon. > So I'm asking what do you all think about the dollar decline ?? I can't say with any certainty what the future will hold for the USD, but I wouldn't focus on trade deficit as a sole source of dollar degradation or a "threatened economy". http://www.cato.org/testimony/ct-dg061198.html I am an Economics major (Austrian economics, that is) and a libertarian, so I happen to like the Cato Organization alot, but maybe my bias has clouded my vision. I have also read numerous studies that suggest we run an ever increasing trade deficit because or economy is evolving into a service based economy. It is hard to outsource occupations like Engineers, Doctors, Lawyers, DHR case workers, CPAs, Chefs, Writers, etc, etc. As more people turn to service based jobs we import more of our mfg goods. A service based economy enjoys higher average wages and fewer employment problems. Look at the nation's employment history of steel workers, motorcity auto workers, and farmers to name a few. Similar Threads Posted Like kind exchange March 23, 2008, 7:56 pm Purchasing Non-US Exchange Traded Assets December 15, 2006, 4:59 am How I can get stock symbols listed with various exchange ex- nasdaq,S&P 500, Dowjones etc as xml/webservice ? September 23, 2008, 10:31 am Compare tax deductable interest rate to non-deductable interest rate March 5, 2007, 12:45 pm what to do if the dollar falls? October 17, 2006, 2:34 pm Euro to dollar May 22, 2008, 6:41 am 401k into non-dollar funds April 9, 2007, 12:27 pm vanguard non-dollar funds? July 30, 2007, 4:27 pm dollar cost average effect December 7, 2006, 2:22 pm Reverse dollar cost averaging? April 5, 2007, 7:48 am