It's a shame but necessary when so much of your planning is dictated by cash, loot, booty, MONEY! Internationally, you not only need to worry about how much you can spend of your own money, but how much things overseas cost and the ever present current rate of exchange. In the old days it was Italian lira. The first time my dinner bill was presented and I had to pay 28,000 lira I nearly had a heart attack. When there was about 1400 lira per dollar, I was relieved that dinner was $20.00. Since the European Union's switch to a universal monetary system between all countires, the Euro has made its debut (adopted in 1995 but did not appear until 2002). Each country (16 of the 27 in the Union) have their own individual reverso. Italy, of course, uses Dante's Vetruvian Man.
When the Euro first arrived on the scene, it came on at almost a 1:1 ratio and made it very easy to convert costs of things. Over the last 8 years, the US $ has declined to an all time low the beginning of this year making things very exspensive. Well in recent months, the Euro has done some struggling of its own and the US economy is making upward strides so....NOW is the time to buy euros. This is the best exchange rate in years. We are pleased....down to $1.25 to buy a euro from $1.49.
Thursday, May 13, 2010
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