What's with crappy exchange rates?

Alex · 05-31-2006, 05:06 PM

The dollar has always roughly had that exchange rate as far as I can recall.

Just today they were talking on one of the business news channels about how it might be time for the president to back off on his insistance on a strong dollar and allow it to soften a little bit to help domestic exporters.

Alex · 05-31-2006, 05:10 PM

And by "always" I mean for the last few years it has been between .5 and .6. For the couple decades before that I believe it was mostly in the .6 to .7 range.

tracilicious · 05-31-2006, 05:10 PM

Quote:

Originally Posted by Alex Stroup

The dollar has always roughly had that exchange rate as far as I can recall.

Just today they were talking on one of the business news channels about how it might be time for the president to back off on his insistance on a strong dollar and allow it to soften a little bit to help domestic exporters.

No! That would put a serious damper on travel (at least for me). So why is the pound so strong?

Alex · 05-31-2006, 05:18 PM

That was one of the benefits mentioned. Softening the dollar would keep more tourist money in the country.

05-31-2006, 05:06 PM	#1
Alex . Join Date: Feb 2005 Posts: 13,354	The dollar has always roughly had that exchange rate as far as I can recall. Just today they were talking on one of the business news channels about how it might be time for the president to back off on his insistance on a strong dollar and allow it to soften a little bit to help domestic exporters.
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05-31-2006, 05:10 PM	#2
Alex . Join Date: Feb 2005 Posts: 13,354	And by "always" I mean for the last few years it has been between .5 and .6. For the couple decades before that I believe it was mostly in the .6 to .7 range.
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05-31-2006, 05:18 PM	#4
Alex . Join Date: Feb 2005 Posts: 13,354	That was one of the benefits mentioned. Softening the dollar would keep more tourist money in the country.
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