Dollar going strong: go to London now or wait awhile?

coolio · 10-31-2008, 09:34 PM

I held off going to Europe (primarily London) this past summer because of the weak dollar. Now, it looks like it's getting stronger. Are we peaking now or do we have more to go?

John Law · 11-01-2008, 10:11 AM

who knows? I have seen predictions that we could be headed for a 1:1 ratio again with the Euro, but so much depends on government decisions rather than things being indicated by the market. I certainly wouldn't include Japan in my trip right now, but London is starting to look a lot better. And Australia looks really good too.

aiki14 · 11-01-2008, 12:14 PM

Quote:

Originally Posted by John Law

who knows? I have seen predictions that we could be headed for a 1:1 ratio again with the Euro, but so much depends on government decisions rather than things being indicated by the market. I certainly wouldn't include Japan in my trip right now, but London is starting to look a lot better. And Australia looks really good too.

Japan is expensive in general, now it's 15% more expensive than when I was there in Nov '07. However if you're being paid in Yen it's a 15% raise. Plane tickets are discounted to Australia right now which is amazing as they were up as much as double the price I payed in January as recently as a Sept. The pound is also down significantly but I am not too sure the discount is going to increase much going forward, but I am more in doubt it'll get lower.

JV_Picker · 11-02-2008, 02:08 PM

I looked at Virgin Atlantic, http://www.virginatlantic.com. A trip between most east coast cities and London costs as much as traveling between Baltimore and central Florida (I spent some time recently researching a hypothetical trip). That's absolutely sick. I'd take the trip ASAP.

I thought that England still used the pound as its primary currency. (In any case, it requires about $1.60 to match a pound, which represents a 20% drop since last August.)

Kathy Tayler · 11-20-2008, 11:06 AM

Dollar is getting strength and declining revenue in the overseas business. Consumers are spending less, how long it will continue?

10-31-2008, 09:34 PM	#1
coolio valued contributor Join Date: May 2006 Posts: 219	Dollar going strong: go to London now or wait awhile? I held off going to Europe (primarily London) this past summer because of the weak dollar. Now, it looks like it's getting stronger. Are we peaking now or do we have more to go?

11-01-2008, 10:11 AM	#2
John Law valued contributor weekly challenge winner Join Date: Dec 2006 Location: Pacific Northwest Posts: 388	Re: Dollar going strong: go to London now or wait awhile? who knows? I have seen predictions that we could be headed for a 1:1 ratio again with the Euro, but so much depends on government decisions rather than things being indicated by the market. I certainly wouldn't include Japan in my trip right now, but London is starting to look a lot better. And Australia looks really good too. __________________ "We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge or gallantry would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution is designed only for a moral and religious people. It is wholly inadequate for any other." --- John Adams

11-02-2008, 02:08 PM	#4
JV_Picker valued contributor Join Date: Jul 2007 Posts: 75	Re: Dollar going strong: go to London now or wait awhile? I looked at Virgin Atlantic, http://www.virginatlantic.com. A trip between most east coast cities and London costs as much as traveling between Baltimore and central Florida (I spent some time recently researching a hypothetical trip). That's absolutely sick. I'd take the trip ASAP. I thought that England still used the pound as its primary currency. (In any case, it requires about $1.60 to match a pound, which represents a 20% drop since last August.)

11-20-2008, 11:06 AM	#5
Kathy Tayler new member Join Date: Oct 2008 Posts: 1	Re: Dollar going strong: go to London now or wait awhile? Dollar is getting strength and declining revenue in the overseas business. Consumers are spending less, how long it will continue? Last edited by Thierry Martin; 12-06-2008 at 04:10 PM.

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