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Jerome. How far do you see the dollar falling against the euro? $1.50? $2.00?

Hey, Grandma Moses started late!
by LEP (rafifoon@yahoo.com) on Mon Dec 11th, 2006 at 01:29:54 PM EST
Euro was introduced around 1.17 dollar per euro which was at the time the historical average of basket of european currencies against USD (read: DEM). The lowest point of EUR against USD was at 0.8252, this is 1.42 times less the average (1.17 / 0.8252). If you assume symetry around the historical average, estimated maximum is 1.42 * 1.17 = 1.63 dollar per euro. This is of course back of the enveloppe, but at 1.33 there's still room for appreciation if the past is to predict the future :).
by Laurent GUERBY on Mon Dec 11th, 2006 at 02:23:39 PM EST
[ Parent ]
I think 1.5-1.7 is a quite safe bet...everybody wnats it.. and everybody thinks its great..so it will probably happen..

Going deeper into the 1.8-2.. well I think some people could get scare...

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Mon Dec 11th, 2006 at 02:34:21 PM EST
[ Parent ]
I've been in France since 1990 and the lowest I've seen the dollar is where it is now, which would be 4.93 french francs. That was in 1992.

Hey, Grandma Moses started late!
by LEP (rafifoon@yahoo.com) on Mon Dec 11th, 2006 at 03:33:19 PM EST
[ Parent ]
It was lower when I was a little kid, around 4 francs to a dollar if I'm not mistaken?

Assuming quite a lot of things, this would be like 1.6 euros to the dollar.


Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Mon Dec 11th, 2006 at 06:12:34 PM EST
[ Parent ]
Around 1990 the dollar went from almost 200 pesetas to the dollar to about 100 (or the other way around). That would be €0.60 and €1.20.

Those whom the Gods wish to destroy They first make mad. -- Euripides
by Migeru (migeru at eurotrib dot com) on Mon Dec 11th, 2006 at 06:36:18 PM EST
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