June 01, 2005
Currency Conversion
Posted by Gordon Smith
The so-far bloodless revolution in Europe is roiling currency markets. The graph below shows the conversion rate of Euros per 1 U.S. Dollar. That upward leap at the end is the response to the French election, and the Dutch results will move the line even higher. It turns out that this is good news for someone about to travel to Europe.*
* The effect on Swedish crowns has exhibited a similar pattern, though somewhat less dramatic.
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