Exchange rate!!!!

[coconutsunshine]

Anyone know what is up with the exchange rate? In the last few days it has really gone up, anyone know if it will eventually come down?

 

[Gina-Gina-Bo-Bina]

The price of oil is falling. Generally speaking, when oil prices rise, so does our dollar. When prices decline, our dollar follows suit.

Stock markets have taken a huge hit this week due to the financial uncertainty in Germany. The US dollar tends to strengthen against other currency when there is global concern. Germany doesn't go to the polls until mid June so I am guessing we could be in for a period of our dollar being valued below that of the USA.

 

[keaster]

If it stays around the 98 cent mark that is still a pretty good deal.

I remember travelling south with a dollar valued at 70 cents US

 

[rjan67]

Hopefully not! My paycheck is in U.S. dollars.

 

[damo]

The price of oil is falling. Generally speaking, when oil prices rise, so does our dollar. When prices decline, our dollar follows suit.

Stock markets have taken a huge hit this week due to the financial uncertainty in Germany. The US dollar tends to strengthen against other currency when there is global concern. Germany doesn't go to the polls until mid June so I am guessing we could be in for a period of our dollar being valued below that of the USA.

Greece, not Germany.

 

[Gina-Gina-Bo-Bina]

Greece, not Germany.

Crap! My bad.

That's what happens when you are trying to type a response quickly at work before the boss catches you .

 

[coconutsunshine]

Thanks everyone! I've been telling DH that we should pay off our trip and our cruise (that was booked since 2010) forever before the exchange rate goes up but of course we didn't, now I'm kicking myself let's hope it rebounds at some point..

 

[damo]

Crap! My bad.

That's what happens when you are trying to type a response quickly at work before the boss catches you .

Sneaky woman!

 

[Gina-Gina-Bo-Bina]

Sneaky woman!

Shhhhhh......don't tell the boss!

 

[DisneyRookie2007]

Thanks everyone! I've been telling DH that we should pay off our trip and our cruise (that was booked since 2010) forever before the exchange rate goes up but of course we didn't, now I'm kicking myself let's hope it rebounds at some point..

If it were me, I'd pay off what I could now. Greece seems certain for a collapse and exit from the Eurozone - which will negatively affect all of us.

 

[gilsan]

Hopefully not! My paycheck is in U.S. dollars.

My husband's is as well. I would be happy if the dollar was at $0.90

 

[dancin Disney style]

Let's all remember that not so long ago we were paying 40+ cents on the dollar to buy US. So the current rate of exchange is FABULOUS!!!!!!!!

 

[Sue M]

I decided to pay off our Aug trip before CAD went below par. Glad I did. We had most of it paid off anyway while CAD was above par, only $777 left.

But now we have to buy our APs, and can't till we arrive cause we have our 2 day park tickets from free DDP last year to put toward AP payment. Oh well, hope it doesn't drop more. But we have a USD acct that we've been fluffing up when the CAD is up.

I remember the 40 cents on the dollar too, that hurt.

 

[Gina-Gina-Bo-Bina]

Let's all remember that not so long ago we were paying 40+ cents on the dollar to buy US. So the current rate of exchange is FABULOUS!!!!!!!!

When we took our first trip to Disney in January 2009, our dollar was at 81.6 cents .

Hubby works for the auto industry. The lower Canadian dollar is bad for our tourist endeavours but much better for his employer's profitability.

 

[pigletto]

You know it's been good for so long that I didn't even bother to look before I booked my flights this morning

It didn't add too much but more than I was expecting. I still have to pay off Universal for 3 nights, Bonnet Creek for 8, get our spending money and rent our car. Most of which can't be prepaid. Grrrrrrr.
How bad are we expecting it to be by end of August (realizing that these things can't be predicted with any certainty).?
If we're expecting a really big fall for the summer I will buy it now and at very least pay off the rooms in cash somehow.