[CQ-Contest] Euro's & BS7H

Barry w2up3 at verizon.net
Sat Sep 8 16:39:27 EDT 2007


Rich,
$4 for 5€ ?  Either you did your math backwards, or you're exchange rate 
and fees are a LOT worse than the bank's :.)

My advice to Carol is use it as a donation to the next DXped you QSL, 
instead of greenstamps. 
73,
Barry W2UP

Rich K2WR wrote:
> Carol:
>
> I certainly agree with the previous commenters who suggested you avoid changing such a low amount (or, for that matter, any amount) at a bank due to the high fees.  Also, Andrei is probably correct that the value of the Euro relative to the U.S. dollar will continue to rise.  Certainly the U.S. government is not doing anything to prevent the market's devaluation of the dollar... it's more important to the government (and, arguably, to the U.S. economy) that Boeing stays price-competitive with Airbus, than whether I can still afford a hotel room in Finland.
>
> You could:
> 1. Just hold onto it as Andrei suggests... who knows, you may receive more of them (€ 5 is the smallest value Euro note produced; € 1 and € 2 are coins).
> 2. You could "sell" it to someone, a ham or otherwise, who visits Europe often enough to hold onto a few Euros, £, etc.  For example, if you send it to me, I'll send you $4 and you'll only be out about 48¢.  Even better, if you have a PayPal account, I'd pay you € 5 via PayPal and I think you'd get a little more than $4.   But it's unlikely you'd come out behind by just holding onto it for now.
>
> 73, Rich K2WR
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-- 

Barry Kutner, W2UP             Newtown, PA   



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