Answers
Hi, we are fixing to pcs to germany, i was wondering if anyone knew where we could change dollars into euros, we will be in south virginia, and just kinda wondering if anyone knew about where we can exchange money, thank you :)
You can go to your Bank or Credit Union and order however much you will need in Euro, might take a couple of days to get it, unless it's already in the Bank. Don't do it at the Airport or travel spot, as they jack up the service fees and such.
You may even look into Travelers Checks, more secure then alot in cash.
Just remember the dollar is very lousy now and everything will be expensive. The exchange rate is about $1.00 = .60 Euro last I checked.
My folks are paying around $9.00 per gallon of gas for example.
Hope you have a great time in Germany.
For more information yon can refer to www.chinaassistor.com
I know tht this is quite hard as most places don't exchange foreigh currency coins but I've recently come back from France with a rather large amount left in Euro coins and really want to convert these back into the british pound.
Thank you for any suggestions.
Banks and the Post Office are not interested in exchanging coins unless you have a large volume of them (check the post office website - they don't exchange coins), and if you do find one that will exchange a small amount, then chances are that you will get a pretty poor exchange rate.
Travelex has coin exchanging machines (http://www.travelex.co.uk/) or you could use good old Ebay to offlift them - (but of course you are not going to get the full rate for it again)
Alternatively some central london stores will take payment in Euros, M&S is one of them.
I really need to know as i leave on sunday and cant get exchange anywhere in Uk as they need too much notice.
Anyone got any idea, in the form of:
"1 Pound equals approximately X euros".
I need it as up to date as possible.
If anyone knows the commision charge too i would be very grateful.
Thankyou.
I don't know todays rate but last week I got 1 euro + 19 cents
to the £ and I think they charged about £2.50 commission.
We all know that the dollar is becoming surprisingly weak compared to the euro.
But what is the actual euro-dollar exchange, purchasing power parity?
(i.e. how much should a US worker earn, in average, to have the same life style of a European worker earning 10,000€ a year?)
I know that a dollar euro is traded at 1.6$.
My question is different..
I think the best way to figure that out is to look at the most recent numbers for GDP per capita in PPP and then compare them with the exchange rate.
After looking at the PPP for both people with euros and the dollar find the ratio and figure it out.. I'm sorry but I have to go to class or I would figure it up.
Here's where you can find PPP GDP
https://www.cia.gov/library/publications/the-world-factbook/
I have a lot of Euro coins, from 5 cent up to 2 Euro peices, and no one in this area accepts coins. Anyone know where I can exchange coins at in the Reno area? I will be heading to Austin, TX in a day or two, if anyone knows a place there, or Sacramento, or even the Los Angeles area. I just want to get rid of these things.
Banks don't accept coins, so you won't be able to exchange them. Save them for your next trip or throw them out.
Unless you have a lot of coins, it wouldn't be worth the effort to exchange them anyway. Banks charge a minimum commission for foreign exchange. It's not worth your trouble to exchange $4 worth of coins if you have to pay $3 in commissions. If you have only a couple of dollars worth, the commission may be more than the coins are worth.
Sorry!
Shift in Risk Sentiment Boosting US Dollar
A drop in global equity markets is helping to boost the Dollar as traders shift out of higher yielding assets. The Dollar started out weaker overnight as traders returned after a U.S. holiday, but it turned higher on technical factors and surprise economic data from competing nations. Shortly before the opening, the Dollar is trading higher versus most major markets except the British Pound. This could shift as overnight downside pressure on the Pound seems to be building.
The EUR USD continues to take a pounding as European finance ministers prepare to discuss Greece’s debt problems. Fears of a potential Greece default and additional credit market woes in Spain, Portugal and perhaps Ireland are weighing on the Euro.
Traders expect the European finance ministers to hold their ground and maintain that Greece solves its own problems. This could be an indication that this problem will persist as Greece is having problems reaching a budget decision.
News that German investor confidence declined more than expected is helping to draw additional selling pressure. Speculators are beginning to price in the possibility the Euro Zone economy may be stalling. This report could be proof that the Euro Zone recovery is falling behind the other major economies.
The soaring euro | Free exchange | Economist.com
EUROPEANS are perturbed about the unceasing ability of the euro. No catch napping there; European economies are by export-oriented and unguarded to worthless implication-competing products, and retaking in northern Europe has proceeded generally in irritate of lagging export expansion, while deficit of salvage in southern Europe has been in no close-fisted part coordinated to the pitiful structure of exporting industries.
What is surprising is that the European Significant Bank seems to be increasingly fearful about the fortitude of the euro (which in rising against the dollar is also appreciating against dollar-pegged currencies, like the yuan). ECB president Jean-Claude Trichet recently said that it was "very vital" for America to m for a affluent dollar, and he called currency volatility an "the other side".
Why is this surprising? Because according to Willem Buiter, it is in toto within the power of the ECB to gradual, and perhaps take back, the euro's inflame. More than that, the ECB's actions seem almost of one's own free will designed to produce currency gain. Mr Buiter produces this paralysing plan:
It was odd but perhaps understandable for the ECB to on the alert of inflation pressures in 2007 and primitive 2008. Even though substance inflation remained well anchored, headline inflation soared, and had it remained uplifted it could have set off a round of wage and worth increases. But to favour by as both pit and headline consumer prices fall is unusually odd conduct. To do so while simultaneously lamenting the toughness of the euro is strange.
As Mr Buiter says, the ECB is violating its own stated top importance—outlay resoluteness. It is also violating other key goals, including enormous unemployment and steady exchange rates. It is intractable to be conversant with what the bank is getting at. Its inflation-fighting credibility would seem to be unassailable at this stress. Why carry on with to faithful to to a tighter than predetermined nummular programme when it is entirely distinctly undermining important bank priorities?
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