Euros for living; Dollars for spending!
February 29, 2008
Today the Euro has reached its maximum in history exchanging at 1.51 dollars, the US currency therefore continues its three-week devaluation.
The euro zone will have trouble with exports, they will, however, experience significant savings on energy as petrol is bought in US Dollars.
Luckily enough, that is not catastrophic news for us in Spain as we are not a large worldwide exporter, this can, nevertheless, damage counties such as Germany and France and in turn take great repercussions on our country.
All the same, let us see life on the bright side! It is your opportunity to get a flight to the States to do business or some bargain shopping; the flights are at half price if you buy your tickets on American websites and luxury and electronic goods are even better priced than during our sales periods!
(C) Photo: antonymayfield
Written by Sophie · Filed Under Business
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