Oct 25, 2008 16:54
So, of course, this is probably the worst time for Americans to go abroad in years, maybe decades, as the dollar fell to record lows over the past 8 years. But now the dollar, considered a "safe haven" in times of crisis, is actually starting to rise. It's about $1.25 for 1 British pound, the best rate in 2 years. Well for us American travelers at least, things are starting to look up!
Wait, what's this? The yen is also a "safe haven" and is the only other currency to rise during financial crisis? It's currently 94 point fricking 2 yen to the dollar?
DAMMIT
Thank you, Japan, for being the only place in the world where the dollar is losing ground.
money,
asia,
japan