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Old June 10th, 2010, 10:59 AM
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Paul Motter Paul Motter is offline
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Can somebody explain to me in simple English how the euro can be falling if it is worth the same amount when converted from a dollar? When you convert dollars to euros the number of cents is still what it would have been when the European Union invented new currency. So I cannot understand what people mean when they say the economic crap in Greece is making the euro worth less than it used to be.
Actually - Euros are not worth the same as dollars, they are worth more right now and have been since the early 2000s. Right now you have to pay about $1.20 to buy one Euro, but a few months ago it was more like $1.30.

This is typical foreign exchange - there is nothing new about it. The Euro is cheaper now which means our dollar buys more in Europe now than it did last year ($1.45). It really does make a difference.
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