{"id":408,"date":"2007-07-10T23:16:09","date_gmt":"2007-07-11T03:16:09","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/2007\/07\/10\/e-2x\/"},"modified":"2007-07-10T23:16:09","modified_gmt":"2007-07-11T03:16:09","slug":"e-2x","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2007\/07\/10\/e-2x\/","title":{"rendered":"\u00e2\u201a\u00ac > $ + \u00c2\u00a3 2x > $ = !?!?!?!?!"},"content":{"rendered":"

I had a practical interest in the international currency exchanges at an early age.\u00c2\u00a0 When I was 10, my allowance came in US dollars, but the all the places I wanted to spend it at only accepted Deutsche Marks<\/a>.\u00c2\u00a0\u00c2\u00a0 I had discovered that my one US dollar would get me much more in my hometown village of Eichenzell<\/a> than it would get me at the US dollar store at the base exchange at Downs Barracks<\/a> in Fulda.\u00c2\u00a0 That was the start of an understanding that would lead me to the thrills of the black market rates of the East German Marks<\/a> when we went to Berlin, the generous exchange rate with Venezuelan Bolivars in the late 90s, and the joys of cheap Euro-denominated vacations in 2001.<\/p>\n

But everything comes at a price, no?\u00c2\u00a0 I had an inkling this was coming, as my last trip back to England was pretty expensive.\u00c2\u00a0 But I wasn’t entirely prepared for this<\/a>:<\/p>\n

The euro rose to an all-time high against the yen and traded near a record versus the dollar on prospects the European Central Bank will signal plans to raise its benchmark interest rate at least once more this year.<\/p>\n

[ . . . ]<\/p>\n

The pound was near a 26-year high against the dollar on speculation the Bank of England will raise rates today.<\/p>\n

[The Euro] was at $1.3614 against the dollar<\/strong> from $1.3613 yesterday and an all-time high $1.3681 reached on April 27.<\/p>\n

[ . . . ]<\/p>\n

The pound traded at $2.0152 after touching $2.0207 <\/strong>yesterday, the most since June 1981.<\/p><\/blockquote>\n

If you’re an American reading this, and don’t know why this matters to you, let me help – it means that it looks like you’re living on a soon to be third world currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

I had a practical interest in the international currency exchanges at an early age.\u00c2\u00a0 When I was 10, my allowance came in US dollars, but the all the places I wanted to spend it at only accepted Deutsche Marks.\u00c2\u00a0\u00c2\u00a0 I had discovered that my one US dollar would get me much more in my hometown […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[13,3,12],"tags":[],"class_list":["post-408","post","type-post","status-publish","format-standard","hentry","category-eu","category-society","category-uk"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t