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Why The € Is Stronger At The Year End?  
User currently offlineF.pier From Italy, joined Aug 2000, 1523 posts, RR: 10
Posted (7 years 4 months 2 weeks 2 days 5 hours ago) and read 2293 times:

It happened almost every year end (against the $)



You can easily see this at the end of 2000, 2002, 2003, 2004, 2005 and now it's still going on. Please note the maximum, on 28 Dec.

The € becomes stronger at year end and weaker in summer.

Do you have idea of the reasons?

[Edited 2006-12-03 10:34:52]

5 replies: All unread, jump to last
 
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 1, posted (7 years 4 months 2 weeks 2 days 3 hours ago) and read 2275 times:

Santa buys Euros and shorts US dollars.

User currently offlineGOTbound From Sweden, joined Oct 2006, 94 posts, RR: 0
Reply 2, posted (7 years 4 months 2 weeks 1 day 22 hours ago) and read 2240 times:

Summer time, tourists buy $ for there Euros?

EK


User currently offlineAirTranTUS From , joined Dec 1969, posts, RR:
Reply 3, posted (7 years 4 months 2 weeks 1 day 19 hours ago) and read 2215 times:

Quoting F.pier (Thread starter):
Why The € Is Stronger At The Year End?

That's when Airbus sells the most airplanes.  duck 


User currently offlineRichPhitzwell From , joined Dec 1969, posts, RR:
Reply 4, posted (7 years 4 months 2 weeks 1 day 10 hours ago) and read 2184 times:

This really really sucks...Im going to Europe for a month starting in a week.

Will all of you over there please screw up your economy starting now for me, please. Perhaps I can send some of my best friends from congress over to help out.


User currently offlineDoona From Sweden, joined Feb 2005, 3759 posts, RR: 13
Reply 5, posted (7 years 4 months 2 weeks 1 day 3 hours ago) and read 2165 times:

Quoting RichPhitzwell (Reply 4):

Will all of you over there please screw up your economy starting now for me, please. Perhaps I can send some of my best friends from congress over to help out.

Well, some of us are considering flying over to you fine people after Christmas (plane tickets to the US are really cheap this spring) and spending lots of our cheaply purchased US dollars on... whatever, really. Won't do our own economy any good, and if it's not getting better, it's getting worse, right? However, when hordes of Europeans come and spend lots and lots och dollars in the US, you'll get flooded by (comparatively) cheap dollars.

Oh well. Merry Christmas, you damn hippies.

Cheers
Mats



Sure, we're concerned for our lives. Just not as concerned as saving 9 bucks on a roundtrip to Ft. Myers.
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