Before last week, one of my least favorite (but sadly necessary) activities was checking finance.yahoo.com for the Euro/Dollar exchange rate (symbol: eurusd=x). The rate has been climbing since, well, since soon after the euro made its world debut, but the climb over the last year since our honeymoon has been particularly demoralizing, especially since we know how little the dollar bought at a better exchange rate.
But there are signs of improvement. Crude oil is falling. Gold is falling. And so is the euro. It fell 5 cents alone last week, and yesterday it dipped below $1.50 for the first time in many months. Granted, we're still 10 cents away from the rate that we had in September of last year, but we're much better off than we would have been several months ago.
We had planned to buy euros last week, but when we saw the exchange rate a-tumbling, we decided to hold off, and now comes the difficult decision--how long to wait? How low will the euro go, and is this drop temporary? I'm not much of a gambler but I do love a bargain--I plan to hold off as long as I can, as long as the rates are still good.
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