Why didn't you convert an excessive amount of money into pounds when you first went over there this semester? I mean, what was the point of constantly dipping into the well of dollars when you could have taken your life savings and converted it to pounds?
Well, actually, I had a good reason. When I first came over, I had savings in pounds left over from my summer job. Clearly spending that was better than exchanging money and I hoped that perhaps the exchange rate would get better. I had no way of predicting it would get this bad. Now that it has I withdrew a bunch of my savings at once to convert into pounds. Obviously I wouldn't keep dipping into a dollars account over and over. But at the same time even now I didn't want to convert ALL my savings as I'm going back to the states in a week and a half and will want some dollars.
damn the uncertainty of market fluctuations and the inescapability of inflation! it's like gas prices. i remember complaining when it was $1.88 and i hoped it would get better, but of course it only got worse. but at least it has come down from $2.09 and i can get gas now at $1.93. those tenths of a dollar add up since i commute to work and i don't have the most fuel-efficient car. obviously i don't spend as much on gas as you do on tuition, so good luck deciding when to buy up that foreign currency. has the exchange rate only gone up since you've been there?
Well, in October it went down to 1.79 which is why I had hope that it would get better perhaps. But then the darned election happened and now it's just been going down down down the precipitous slope of doom.
I sympathize about gas prices too. It does add up when you're driving a lot!
You should turn all the money you can into pounds as soon as possible. It appears that the Bush administration has no intention to curb the dollars deflating value versus the Euro because this change is good news for American business in the short-term, as it makes American goods cheaper to European customers.
There's a lot to be said for and against this monetary policy, but it appears that the Bush administration has settled on the side of the falling dollar.
That is a HUGE exchange rate!! i mean, when I was visiting you a year & 1/2 ago, I think the exchnage rate then was like, $1.67/pound, and i thought THAT was bad!!!! = / sorry, Nancy....
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I sympathize about gas prices too. It does add up when you're driving a lot!
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There's a lot to be said for and against this monetary policy, but it appears that the Bush administration has settled on the side of the falling dollar.
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btw, who is digitaldaydream???
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