One question to those who are having knowledge of forex. Is Euro also getting cheaper the way USD as compare to CAD? Is this a good time to buy some Euros for any future trips to Europe?

-----------------------------------------------------------------
Dont help others because others have helped you,,,,help others because its the right thing to do!!!

http://www.indopia.in/

Any currency that is backed by large amount of govt. debt is getting weaker.
So yes Euro is getting weaker, slowly but surely.
Only currencies of resource rich countries like Canada and Australia is getting some strength.
Most of the strength, however, is flowing from currencies towards gold.
So yes, you could buy and keep some Euros for future trips.
Depending on how far into the future your trip is, it may or may not be worthwhile.
Keep in mind that by switching CAD for EUR, you are giving up the opportunity to earn returns on your CAD.
That is your opportunity cost.
Weight that against your expected fall in EUR.
IMO, for trips, the amount required is probably not thousands so it doesn't matter too much.

-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

If the EUR is expected to keep falling, what is the reason to purchase now?
Wouldn't it be better to buy when you need, expecting a better return?

Hiren

Quote:

---

Originally posted by pratickm

Any currency that is backed by large amount of govt. debt is getting weaker.
So yes Euro is getting weaker, slowly but surely.
Only currencies of resource rich countries like Canada and Australia is getting some strength.
Most of the strength, however, is flowing from currencies towards gold.
So yes, you could buy and keep some Euros for future trips.
Depending on how far into the future your trip is, it may or may not be worthwhile.
Keep in mind that by switching CAD for EUR, you are giving up the opportunity to earn returns on your CAD.
That is your opportunity cost.
Weight that against your expected fall in EUR.
IMO, for trips, the amount required is probably not thousands so it doesn't matter too much.

---

-----------------------------------------------------------------
Dont help others because others have helped you,,,,help others because its the right thing to do!!!

http://www.indopia.in/

Quote:

---

Originally posted by RESP

Quote:

---

Originally posted by pratickm

Any currency that is backed by large amount of govt. debt is getting weaker.
So yes Euro is getting weaker, slowly but surely.
Only currencies of resource rich countries like Canada and Australia is getting some strength.
Most of the strength, however, is flowing from currencies towards gold.
So yes, you could buy and keep some Euros for future trips.
Depending on how far into the future your trip is, it may or may not be worthwhile.
Keep in mind that by switching CAD for EUR, you are giving up the opportunity to earn returns on your CAD.
That is your opportunity cost.
Weight that against your expected fall in EUR.
IMO, for trips, the amount required is probably not thousands so it doesn't matter too much.

---

Thanks Pratickm!

---