Off Topic — HabitableZone

Off Topic » in reply to Today: 1€ = 1.20$

Exchange Rates

I'm waiting for parity between our "Pacific Peso" and the greenback.

3 years ago it was US0.50c/A$. Now it's 0.72c and climbing. Visiting the 'States is quite cheap these days. pretty soon us foreigners will be able to go on a spending spree with your real estate and surviving industries...

You can't run a multi-billion dollar deficit, hold interest rates low, and expect your currency to maintain its exchange rate.

Inflation, or deflation.

Or you "could" balance the budget...

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