Saturday, May 17, 2008

Watching the Euro

We continue to watch news from China and encourage readers to donate to Half the Sky Foundation's Earthquake Relief Fund.--LG

We're in that end-of-the-public-school-year busy time right now, with dance recitals, farewell picnics, and pool openings right around the corner. Much to do before we head to the airport in mid-June. Still, the planning phase is over. We know where we'll be on which days and we have even reserved our rental car for our little excursion to the Rhine Valley. We'll be picking up our little VW Golf (or similar model) at Europcar on Plantin en Morituslei in Antwerp, which is just a bit further past the girls' school.

What we are doing in the next month or so is watching the dollar-to-euro exchange rate. The worst it's been so far is $1.60/EUR 1.00. Right now it's 1.55/1. When we were in Antwerp in 2007, it was about 1.33/1 for most of that time. One of the choices we had when booking hostels and rental cars and looking at train tickets was whether to pre-pay or hold off. My friend P, who is a financial analyst in Manhattan, said hold off, since the Fed isn't going to lower interest rates any further so things should stabilize. Today's International Herald Tribune reported a slight spike in the euro because of oil prices.

Dare I hope that we could be looking at 1.50/1 a month from now? Please???


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