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http://finance.yahoo.com/q/bc?s=EURU...=on&z=m&q=l&c=
Because this basically says the US dollar has lost > 50% of its value vs the Euro over only a few short years.
And no matter what people may say, to somebody that holds dollars (in part), this trend is disturbing.
Potentially profitable though.
I find it disturbing indeed, although being someone who lives in Europe I'm sure it's a good thing for us (in some strange way)
It definitely doesn't scream "liquidate everything now!"
Unless you're liquidating into Euros, hehe.
i had to quit my old job working in europe paid in US dollars was becomming a joke, every year saw a big drop in pay, new job paid in euros starts on the 2nd jan.
got a tip in dollars cash holding onto to for now hope it will pick up and be worth somthing.
anyone have any idea why its getting so weak to the euro?
Printing too much money...deficit...war in Iraq does not help....neither does the one in Afghanistan...
Actually this is very very good for us.
US dollar = 24.70 russian rubles. Some time ago it was over 30. The deeper dollar drops, the cheaper all trade goods become here in Russia.
Eh, I am get paid for work in dollars, but after all workers' whine our company fixed our payments so it counts like 1 dollar was 26 rubles. Good enough :)
the dollar has been dropping ever since 1971 when we went off the Bretton Woods agreement of 1944... which basically allowed the trading of US dollars to gold at the fed.
funny... but we went off the gold standard instead basing the value of the dollar on US productivity...
then in the mid 70s... we started shipping Amercian production of goods offshore to cheap countries. there was a pull back from that in the 80s... then it went full bore from '92 on.
tough to base the value of your currency... on something your don't value yourself
here is view of things from my stand point (one that live in Israel)
http://img291.imageshack.us/img291/5...phshtmlbm2.png
this is Dolar\Shekel retio over the past 1825days
[code:1]http://www.bizportal.co.il/bizportalnew/graph/biznogagraph.shtml?p_id=1002&W=480&H=217&vol=0&Day =7300&fontsize=1&xvp=7&pfontsize=1&nores=1&yscale= 1.2&logo=1&set=18[/code:1] switch the 7300 with number of days, any thing more then a year and less then 5 years work (note: that site only shows data sense 2002, witch is dame shame as if it shown from when your last presedent started till he finished (what 8 years?) you could see that the amount that One USD is worth today is exacly the same as when Bill (last Presedent) started, and that 4.95? just before he finished (i think :o, or was it date of going into iraq?)
I ern cash in acording to USD worth, the higher the worty of single usd the more I get paied so >.< I miss Bill, also note that majorty of thing's price is just traslate of usd worth so if dolar go down its not like I cant feed no more :p but still, more money is always good >.<
if you can find it, try to find a US dollar value since 1940.. or as far back as you can go. it starts to plunge in the mid 70s with a slight recovery in the 80s.. then it continues to slide.
diged some, unfortly that site only stores info of past five years, i would love to see data of 1948>now days in regards USD worty and its retio to shekel (ISR was founded at 1948 but we used british money for a while (till 52? not sure) then we created the shekel (shekel is the name of the money that was used in israel over 2k years a go acording to sevral sorces (maily coins found at sevral sites+bible)
sad to be empty handed but couldnt find much :|