The Falling Euro

Author Message   Bill Terry Senior Member Username: Bill_terry Post Number: 670 Registered: 06-2003 Posted From: 72.216.34.240 Posted on Friday, June 11, 2010 - 01:37 am:    Looking at a couple of my receipts 5/6/10 at the Best Western in Karlsruhe the exchange rate was 1.2526. For the Golden Adler in Appenzell, Switzerland the US dollar was CHF 1.1199. I spent down and left my Euros in the jar at the Ramstein USO   Jack T. Paxton Senior Member Username: Jpaxton Post Number: 860 Registered: 07-2003 Posted From: 24.27.231.67 Posted on Thursday, June 10, 2010 - 08:17 pm:    My bank here in a small town screwed up. I stopped today ad the quote was entirely different. If I wanted to buy it was $1.28. To sell Euros I would receive $1.129. Sorry for the rush.   Alan H. Sherman Member Username: Racewalker Post Number: 24 Registered: 06-2007 Posted From: 24.0.177.53 Posted on Thursday, June 10, 2010 - 01:30 pm:    Most major commercial airports have a desk where you can recover the VAT that you paid as well as a desk/cage where you can redeem Euro's for dollars. I try to spend down my Euro's but often wind up with a few and or change. Never found a place at Ramstein where you can actually get rid of them. Maybe the front desk of the hotel...not sure. Also never really found a place at Ramstein where you can turn in your VAT forms that is in proximity to the PAX. Maybe somebody knows. Would like to hear what you do?   Bob Dart Senior Member Username: Bobdart Post Number: 1566 Registered: 06-2005 Posted From: 208.12.99.51 Posted on Thursday, June 10, 2010 - 01:01 am:    I'm heading for Rota tomorrow (hopefully) and will enjoy the fruits of the weakening euro and trust it continues. If it touches around $1.10 I will probably buy a pocketful in anticipation of two trips this fall.   Cherry C. Senior Member Username: Cherry Post Number: 6439 Registered: 06-2003 Posted From: 71.163.18.160 Posted on Wednesday, June 09, 2010 - 11:24 pm:    Let me know when the rate falls to 1 Euro = 85 cents U.S. and I'll be on my way! (That really is what we enjoyed on a trip around Germany and Eastern Europe--I'm too lazy to go look up the year in my journal but it was probably very late 1990's or early 2000's not long after the Euro was adopted, because people were still going to banks to turn in their old national currency.)   John D. Moderator Username: John_d Post Number: 4641 Registered: 06-2003 Posted From: 95.208.80.143 Posted on Wednesday, June 09, 2010 - 07:49 pm:    I think $1.118 was a mistake as it wasn't anywhere near that low this week lowest here was approx $1.19 - they probably meant $1.18 and change.   Jack T. Paxton Senior Member Username: Jpaxton Post Number: 859 Registered: 07-2003 Posted From: 24.27.231.67 Posted on Wednesday, June 09, 2010 - 07:44 pm:    My bank was SunTrust. I am going to begin checking daily as I believe what I was quoted yesterday was incorrect. The best I can find today on-line is near $1.20. Will keep all tuned in.   dinotars Senior Member Username: Dinotars Post Number: 6780 Registered: 06-2003 Posted From: 95.121.128.49 Posted on Wednesday, June 09, 2010 - 01:24 pm:    It's 1.22 here in Moron AB today.   Bill Terry Senior Member Username: Bill_terry Post Number: 669 Registered: 06-2003 Posted From: 75.77.112.4 Posted on Wednesday, June 09, 2010 - 12:07 pm:    ATM's and hotel conversion rates this past week in Germany and Austria were $1.34- 1.24. Swiss Francs were about $1.19   David Jones Junior Member Username: David_j Post Number: 6 Registered: 05-2008 Posted From: 70.110.79.215 Posted on Wednesday, June 09, 2010 - 11:39 am:    Jack, Your bank quoted $1.118 for a euro? What is the name of your bank? My source of info has the euro at $1.19 or so.   Jack T. Paxton Senior Member Username: Jpaxton Post Number: 857 Registered: 07-2003 Posted From: 24.27.231.67 Posted on Wednesday, June 09, 2010 - 09:42 am:    Not sure how many other than me are watching the fall of the Euro. With a trip planned this Fall I have been following the decline of the Euro very closely and will probably purchase some this week. My bank quoted the cost of the Euro yesterday at $1.118. The long-range trend is for the Euro to bottom out in June, then start rising again. Compared to what I paid last Fall in Europe, anything at the $1.10 range would be a bargain. My bank charges a one-time $20 for any amount of Euros purchased.