Euro to Dollar Price ?

Prices fluctuate constantly, more than even daily although most pricing is daily.

The Wall Street Journal has 30/60/90 day forward contract prices. Experts bet on which direction currency trading goes and I have strongly warned posters to previous similar topics that betting on currency fluctuations is best left to them.

Here are some suggestions:

If you owe money on your credit card, rather than exchanging money now or pre-buying, pay off some of that debt. It is better to pay of something costing you 20-25% annually than betting the dollar will go down by 10%.

If you really think the dollar is dropping more, use your money to pre-pay something where it is refundable or dates are flexible. Otherwise, you will lose far more pre-paying if you have to cancel than any dollar fluctuation.

Consider next pre-paying something that is sure to rise no matter what especially if that item was priced low before this year's euro rise - like railpasses.

If a little history helps, in 2002-2003 $1.00 roughly equalled 1.00E. Since then the dollar's value has steadily deteriorated against the euro. Even in 2004 and 2005 it wasn't so bad. Then there was another big decrease in the dollar in 2007--at the beginning of 2007 the same European vacation you would take now would have been significantly less costly. Depressing, I know.

There is little to no prospect that the dollar will improve against the euro within the next couple of years. There are two primary drivers of the dollar. First -- deficit spending is a huge factor and second declining interest rates. Until either or both is turned around, the dollar will continue to decline. The best we can hope for is a flat dollar abour the 1.45 to 1.50 mark -- but probably not likely until after the election if there is a significant change in government leadership.

No one knows what will happen.However there are other ways to save on European travel such as eating cheaply with picnics and having a main meal at noon instead of evening.We just returned and while Venice,Rome,Siena are expensive places to stay the hill towns of Tuscany and Umbria are much less expensive and we enjoyed them very much.

This was one of my big concerns as well when we started planning our trip a year or so ago, but went ahead and bought plane tickets and are making the trip. While the exchange sucks, it's hard to put off a great trip to Europe! Our trip is in May but i recently did exchange a little bit of currency so we'd have some money to last the first few days so to not have to worry about exchanging right away. It was at 1.43 which is the lowest it's been in awhile (been hovering around 1.46-.48).

XE.com has a nice email feature you can sign up for and it will send you daily rate updates for any currency you want. One thing we also did was to examine our costs and multiply by our own made up rate of $1.65 per euro. I can't imagine it bouncing that high by May but if the rate sinks to say 1.55 then we've already taken that into account plus allowed room for conversion fees, atm fees, etc.

I don't think that anybody can accurately predict what will happen with the U.S. Dollar/Euro exchange rate. Ask 10 professional economists this question and I'll bet you'll get 10 different answers. We went to Europe in June of this year and the exchange rate was 1.33 dollars for a Euro. It has then steadily risen to touch 1.50 and suddenly, it has declined to 1.43 as recent as mid-December. Now it looks like it's back up to 1.46+. Go figure.

The problem is not with the Euro being exceptionally high...it's with the DOLLAR being exceptionally low.

If you want this situation to be fixed then you need to call your congress person and tell them to get their act together and spend responsibly instead of overspending and getting us into more and more debt!

The US dollar won't improve much against the euro until our national personal rate of savings (which is near net negative) increases, or in the unlikely event that the Chinese (or some other emerging economy) start stock-piling dollars again. There really isn't much you can personally do, other than avoid credit card debt because it is VERY expensive to pay interest in euros. Also, there really is no purpose in using a bureau de change anymore, now that ATMs are nearly universal. Bank-to-bank fees are much cheaper.

Patrick,

Currencies fluctuate every second, there is no way one can tell you when to buy.
The USD will be stronger when the US economy will start strengthen, hopefully after the next election.
But in my opinion, it will take a while for the US economy to get stronger and see actually a difference in its currency.
I would not let the weack dollar spoil my vacation plans. There are many ways to save money, on hotels, meals, flights etc.

I have been following this closely for sometime. Much of what I have read has been that the Dollar will continue to drop into summer. Hopefully some relief after Summer. By then don't be surprised to be spending 1.75 dollars per euro.

patrick, all currency exchange rates (including the US$/Euro) fluctuate continuously throughout each day. There's virtually no way to predict with any certainty where it will be in May, as there are numerous factors that affect this.

I have to agree with a previous Post - there's no reason to postpone what will probably be a wonderful holiday due to currency exchange rates. You could wait for a LONG time for any significant improvement.

Once you "set the wheels in motion" (ie: buy airline tickets, reserve hotels), you'll have to accept whatever the exchange rate is. I try not to worry about this too much, as there's not much I can do to change the situation. Generally speaking you'll get the most favourable exchange by using ATM's. However, I also like to purchase a small amount of cash for expenses while travelling (meals, coffee, etc.).

At least you're not planning on travel to the UK this year - that IS expensive in terms of currency exchange!!!

Happy travels!