For The Love Of Port

Roy Hersh wrote:While European friends are not loving this ... I am enjoying watching the "affordability" factor increasing for those of us here on the other side of the pond.

Indeed. I didn't take a major vacation last year, and Europe is looking better and better this year.

Roy Hersh wrote:While European friends are not loving this ... I am enjoying watching the "affordability" factor increasing for those of us here on the other side of the pond.

It's really only the Euro-using European friends who might not like this. Those of us in the UK are also seeing affordability factor increasing

How wrong could I be? A handful of Greek MPs play silly b*****s over the election of their President and say they will not pay their debts so the € falls dramatically. It is obviously not being supported by the Eurozone countries so it is anybody's guess where it might end up. Most of my income is derived in the UK and I spend in Portugal so I am quite happy that the € falls. I would like to see it fall a lot further because it has risen a long way since we came here 12 years ago this month. We then received €1-60 for every £1. When we were only receiving €1-07 that represented a serious fall in spending income. Even now at €1.27 my £ buys a lot less than it did in the early years we were here.

From the quantity of people that have expressed interest in our tours this year, it seems the Eurozone issue is responsible. Other countries in the EU beyond the UK that do not use the Euro have been emailing more than I've experienced in the past and Americans who've been wanting to come for years are finally willing to take the plunge. I can't wait to return to Portugal; but may also bring my family back overseas this year to other parts of the continent.

1.18391

Euro elevator ... going down!!?!?!?


1.17911

Reminds me of one of my favorite songs, called; Falling Slowly 1.17786

Whoa, the turmoil today with the Swiss Franc did this ... 1.16208

I wonder when the last time the Euro was this low!?!?!

I know the Euro was trading below parity when we went to Portugal in 2007.

Brian C. wrote:I know the Euro was trading below parity when we went to Portugal in 2007.

I was there in Sept/Oct of 2007 as well but I don't recall it being at parity or below. You may want to have a look at this to refresh your memory
http://www.freecurrencyrates.com/exchan ... R-USD/2007

Roy Hersh wrote:Whoa, the turmoil today with the Swiss Franc did this ... 1.16208

I wonder when the last time the Euro was this low!?!?!

November 9, 2003 it was 1.1545 (thereafter it never went below 1.16208)

http://www.freecurrencyrates.com/exchan ... R-USD/2003

Well I guess that settles it. Not sure what caused me to think that.

The Euro bottomed out at $0.8252 on 26 October 2000, but has traded above the dollar since the end of 2002.

Brian C. wrote:Well I guess that settles it. Not sure what caused me to think that.

Maybe you wanted to think all those Ports you bought were cheaper than they actually were

Don't laugh, based on the Euro and Port buying, I created a thread on how those two combined are perceived in terms of Por buying opportunities, etc.

As soon as Andy puts in the "low bid" the value of the Euro goes back up.

1.1635

Roy Hersh wrote:As soon as Andy puts in the "low bid" the value of the Euro goes back up.

1.1635

I'll refrain from posting, maybe that will help.

1.13617 ... NO ... Andy, keep on posting!

Does anybody know what caused the humongous flip in pricing from yesterday??? I can't remember EVER seeing such a massive drop in one day.