Thursday, April 12, 2012

Euro soars to $1.60 against U.S. dollar, a new record high

There isn%26#39;t much more to the story but here is the link: …yahoo.com/s/…forexeuroperecord




|||



That%26#39;s why I%26#39;m going to NYC!




|||



Yeah just saw the news here in Ireland.I just thought of my niece who%26#39;s due a visit home from Virginia this August, going to get harder and harder for her to get home.





On the upside we%26#39;re taking advantage of buying goods on-line from the US . Well worth the postage costs.



I hope you guys all still get to budget your trips to Paris.




|||



since a long time we are manipulated ...and it%26#39;s the same about the oil rate, manipulations from speculators, they are more powerfull than the central banks and the governements ...that the story ...




|||



%26quot;In late morning London deals, the euro jumped to 1.6038 dollars, which beat the previous all-time peak of 1.6019 that was set on April 22.%26quot;





I hate when they exaggerate! Soar? A .0012 increase over the rate three months ago?





For sure, the exchange rate is dreadfully low right now. 33% higher than 2005 (1.20).





But, this is why we are not planning to return to Paris this year or next (along with air fares, which truly are %26quot;soaring%26quot;). I think it will get worse before it gets better, then will still not be too favorable. Prices in Paris have increased significantly as well.





This is the time to search for good packages with companies who negotiated for hotel rooms, air fares, etc., last year and have spots to sell for bargain (compared to now) prices for this year.




|||



«Prices in Paris have increased significantly as well.»



I hate it when they exaggerate! (Seriously, picture a smiley face after that).



We haven%26#39;t seen any significant increases in Paris yet. Just the little ones, an extra 10 centime for a kir at the local Brasserie last April, that kind of thing. We know the increases will come but we just haven%26#39;t seen them yet. A glance at the prices of hotels we%26#39;ve used for visiting guests haven%26#39;t shown any increases so far and our favorite lunch spot, %26quot;Le3%26quot; in the Marais actually lowered their price for a three-course lunch.



We HAVE noticed that we can%26#39;t afford an airline ticket to get our kids over here though. Even our frequent flyer miles are all but completely devalued. I just looked into burning some FF miles with British Airways and the %26quot;taxes and fees%26quot; have gone up AGAIN, third time in 2 years for the same route. Nearly $700 in %26quot;taxes and fees%26quot; for Seattle-Paris-Seattle.




|||



%26quot;Metro...%26quot; I wish those taxes were deductable on Yearly Income Tax!




|||



Even though our dollar is worth nothing, traveling to England and France is a must. The history and beauty is so wonderful. I just don%26#39;t see why anyone would want to leave.




|||



Prices HAVE significantly increased over the last several years for hotel rooms and restaurants. Places I%26#39;ve watched and frequented have increased by 20-30% or more.





Three years ago, one of our favorite three course prix fixe spots was €27 and now it%26#39;s €33. With today%26#39;s exchange rate, that%26#39;s $52.80 versus the $32.40 we paid three years ago, or a whopping 62% increase when you combine the increased price with the decreased value of the dollar to the Euro.





We%26#39;re finally going to Ireland this year. One year after another, we returned to Paris instead. While I%26#39;m not usually one for packages and organized tours, this one is a fantastic price that includes significantly discounted air fare (with non-stop flights), four star hotels, and meals.




|||



djk, I%26#39;m honestly not trying to butt heads with you on this, it%26#39;s just that we haven%26#39;t seen any appreciable rise in restaurant prices at the dozen or so neighborhood restaurants we frequent, and we eat out a minimum of 4 times a week these days. We don%26#39;t eat at the famous restos, only the bistros and small establishments %26quot;away from the river%26quot; so the disconnect may lie there.




|||



I look at this as a challenge, although being Canadian we%26#39;ve not seen as great of a change versus the Euro. We%26#39;re spending 14 days in France this November. I was amazed at the number of budget hotels in Paris. We have a highly recommended Marais hotel for €89 (this is the price year round for a double). That%26#39;s much cheaper than anything we found in Rome, Venice, or London. A six day museum pass for €60 each (€10 a day) gives a huge selection of things to do. Transport around Paris, mostly by foot and metro is inexpensive, and research on this web site and from guide books suggests that reasonable meals can be had at smaller cafe%26#39;s and bistro%26#39;s away from the river. In Villefranche sur Mer we have a junior suite with terrace and full ocean view for €99 (discounted for the time of year). The biggest change has been all of the fuel surcharges that do make the flights more expensive. That%26#39;s not going to change anytime soon. Truth is, its unlikely that Paris or Europe will ever be cheaper than it is today. There is no short fix for the US economy, and many believe that we%26#39;ve seen a fundamental and permanent change in the world%26#39;s economic structure. The market%26#39;s having another lousy day. We can worry about it, or get on with making travel plans and learning to be budget travelers again. Besides, its fun!

No comments:

Post a Comment