Monday, December 04, 2006

Economics 101, Purchasing Power

Are you American and planning on visiting the UK or Europe? Make sure that you've saved a lot of dollars because it's crazy expensive right now. The pound just hit a 14-year dollar high over the dollar while the dollar fell to a 20-month low against the euro.

It now takes 1.97 dollars to get 1 pound and 1.33 dollars to get 1 euro. Ouch.

I've felt the effects of this first hand...especially while in London.

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