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Euro/US exchange rate 1.09

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When I was in Europe 10 years ago the euro was $1.35. Now $1.09! If you were planning on spending 50 a day, now it's like 40. What a great time to walk the camino, if you're a yank. I guess it's still $50 if you're a euro.
 
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puttster said:
When I was in Europe 10 years ago the euro was $1.35. Now $1.09! If you were planning on spending 50 a day, now it's like 40. What a great time to walk the camino, if you're a yank. I guess it's still $50 if you're a euro.
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The exchange rate always seems to get better when I cannot go to Europe.
I am thinking that I am correct remembering that when the euro was first created it was something like 89 cents to the US dollar. Boo-hoo me!
 
Peter Fransiscus said:
Your point is ??
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Pretty simple. If you are an American your dollar has much more buying power at an exchange rate of 1.09 rather than 1.35. I live in Mexico and used to work here. I would be paid in pesos, of course. When the peso fell in value against the dollar it did not affect me. I was paid in pesos and I all my transactions were in pesos so I saw no savings. If I was dependent on my US dollars then I would have seen a value. I choose not to as I gambled (and won) that the peso would stay weak against the dollar. If you live in the EU and work in the EU and spend Euros in the EU this post doesn't have any significance for you or for that matter any but a U.S. citizen. Then again you might have been joking and in that case never mind!
 
That’s fantastic! Last September I paid $1.24 US per Euro. For anyone thinking of going in the future this may present a great time to buy euros.
 
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puttster said:
When I was in Europe 10 years ago the euro was $1.35. Now $1.09! If you were planning on spending 50 a day, now it's like 40. What a great time to walk the camino, if you're a yank. I guess it's still $50 if you're a euro.
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Nice to know that someone sees a silver lining in what many see as a rather grey cloud. €50 will not get you what €40 would ten years ago, so budget accordingly.
 
It’s hard to predict exchange exchange rates especially at moment I think. The GBP had strengthened versus the euro over the last couple of years or so rising from 1.1 to 1.2 which does make a difference for UK based folks. That said Spain has a high inflation rate to don’t celebrate too much!
 
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Peter Fransiscus said:
Your point is ??
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It’s a good point to make simply mentioning the favorable shift for the USD and other currencies seeing the same trend. Planning a budget is a part of the journey for most pilgrims and having in mind that euro price are now dollar +10% is handy.

There might even be some investors of albergues or generous donors to pilgrim causes that will appreciate the notice.
 
Erm ... I've not even looked for an old envelope yet to do some calculations but I did look at a graph of the exchange rate for $ and € for the last ten years. For example, I see that todays exchange rate is exactly the same as in June 2017 and higher or lower at other times since March 2012. Okay ... so ...?

I guess what the OP wants to say is that Spain was cheap for him and others ten years ago and it is still cheap for him and us this year even when prices are higher. That's true for many if not most of us, even for those who don't have to change their money into €. What we consider affordable, or dirt cheap, may depend on more than exchange rates?
 
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