The Rise & Fall of the Euro

[Roy Hersh]

Yeah baby!

[Eric Ifune]

Seems like timing is good. Maybe I shouldn't have gotten so many euros last week!

[Andy Velebil]

What did I say. Knock off all this rubbish talk about currency or I will be forced to take drastic measures.

[Roy Hersh]

1.25479

Maybe the trick is ignoring Andy? So far, it has seemed to work ... for a few weeks now!

[Eric Menchen]

While I'd like the dollar to be stronger against the Euro for travel purposes, I think the hit on my stock portfolio due to the Greece uncertainty outweighs the exchange rate benefit.

[Roy Hersh]

Eric, over time that will bounce back too, just like the Euro at some point.

[Roy Hersh]

1.25355.

Reminds me of the song ... "Freefallin'" by Tom Petty.

[Andy Velebil]

Did someone say something?

[Roy Hersh]

1.25161 -- fallen on deaf ears.

[David Spriggs]

1.25161 -- fallen on deaf ears.

You must be loving this for the Madeira trip! Still I hope that things stabilize soon.

[Roy Hersh]

It is certainly a game changer in terms of what we will be able to bring back for our cellars. It is about time. I've been there when the Euro was 1.44 and that is painful and typically average around 1.35. I took a position on some Euros this week that will hold me through next year's first visit. I spoke with two importers who've done the same thing this week. So even if the Euro goes down to 1.20 I will have no regrets.

But in all honesty, I am most happy for those come along on the Fortification Tour; as they will have the opportunity to procure some Ports, Douro wines and Madeira that otherwise might have been unaffordable. I am sure there will be many filled shippers this time!

[Roy Hersh]

1.24728

[Andy Velebil]

Lloyds of London has stated they have already prepared in case of a euro collapse!

[Glenn E.]

Lloyds of London has stated they have already prepared in case of a euro collapse!

Now you've done it. You've gone over to the dark side, so of course now the Euro will rebound.

[Andy Velebil]

Lloyds of London has stated they have already prepared in case of a euro collapse!

Now you've done it. You've gone over to the dark side, so of course now the Euro will rebound.

Nothing to see here folks, move along please :)

[Roy Hersh]

1.24574


Glenn, have no fear, the Euro won't actually rebound until Andy steps foot on EU soil.

[Roy Hersh]

1.24004

[Eric Menchen]

Created at x-rates.com, an example of the multitude of data they have available:

euro.gif (7.08 KiB) Viewed 4257 times

[Roy Hersh]

Thanks Eric!

1.23650

Wow, I may have to buy a lot more Euros than I already have. This is getting wild. The types of Ports and Madeiras that will now seem affordable continues to improve.

[Roy Hersh]

The Euro has gone up two cents and may continue to rise. Rumor has it, the word is out that Andy will be arriving soon, so they are raising the tarrif now in preparation for his arrival.