Didn't Switzerland stop helping the eu with the value?

there was a rate cap, and yes it dissolved

Then it will be harder this time around to correct.

correct to what?

If you're looking for investment advice, consider the following factors currently in play:

1. Weak euro
2. Low borrowing costs (for firms able to get credit)
3. Cheap oil

Investing in a financially sound eurozone-based manufacturer who exports primarily to the US (where the dollar is very strong) would be a good bet at the moment. However, pick your target carefully as others will be trying this approach too, raising the values of target stocks.

Euro has taken a "huge dive"? Against which currency? If you're looking at the pound (i.e. where I'm based), its gone from 1.28 in Sept to 1.366 currently. It had got as far as 1.413 in early march but has actually come back down. Average over 6 months is 1.31, average over last month is 1.38.

So what exactly are you referring to again?

hmmm, did I not ask that?

lol. Sorry ssorenn, to be fair though I felt I put a little more detail in to it....

true, but before i wasted my time, i wanted to know what correlation he was looking for

Talking about GBP yeah. It went from 1.28 to 1.41 in like two months. I know that number went down again, but which way is it going now? I expected it to continue going up for a while with European policies..

I can cash in some pounds.

Down.

the euro will continue to lose value to the pound

ssorenn, what's your take on Euro vs MXP?

Hmmm, did I not say that?

;-)

pj, to be fair I felt he put a little more detail into it...

@pjmansfield: You think the euro will gain value? Why?

@ssorenn: Okay, might I inquire how you came to that conclusion? When would you say it stops going down?

The value of the euro that is, @ssorenn.

With thoug going too far, the euro zone has moved into QE(quantitative easing) the pt will flood the market with liquidity, by virtue of cheap money, which will devalue currency and raise hard aset prices, in the hopes of stimulating growth

@AG. When I get to Puerto Vallarta on Sunday I'll let you know

@steephie. If most everything you do is denominated in euros, you will barly notice the effects. Unles you import or export things, then that's different as there will be currency risk

Ah, your quarterly Christmas party in Mexico. Enjoy.

Thx

I technically export. Webdesign and hosting. The point is that I pretty much can choose when my pay turns into Euro's and I'm in no rush so I want to wait until I can get the most Euro's out of my pounds.

Waiting is better, steephie. Unless something unexpected happens to the British economy.

How do I know when to cash in though?

You don't. Otherwise you're a market guru and should not be doing whatever you currently are. Just whenever things seem to level off. (unless ssorenn or someone more knowledgeable says otherwise)

When you figure that out, you can be in another profession :P

Ninja'd

Steephie it all depends on your needs for the money. If you don't need to spend it, holding it in other currencies at the moment would be prudent,or investing in hard assets, but if you are spending this money to facilitate your life, then cash it. There are, as I will assume you are aware, costs associated with currency conversion

It's not spending money. If I cash in, it's going straight to my bank account and it's probably staying there for a long while.

As for what I asked before, what I mean is that in the current situation it seems like a relatively safe/profitable call and I wonder when it is not so safe anymore. When QE is over?

Feel free to send me a PM when you think I should cash in, btw :P

id have to charge for that info

At least a 1000

No you wouldn't. You're going on a quarterly Christmas party in Mexico!

what does that have to do with it.? got to support my habit

what i will say, is you dont want to be sitting with euros in the bank, the eurozone has negative real interest rates, you will actually be losing in the bank

It's 3 digits of pounds. It's interesting for me to increase that by a margin, I doubt you give a damn about getting a margin of that margin.

In the Netherlands, inflation is below 1%, interest is above 1%. I know I'm not getting much, but I'm not losing right now unless I'm really mistaken.

I don't rule out investments, but I think I'll steer away from 'regular' stock markets etc., valuta market too. If I invest, it would be more because someone I know (or 'know', for example, it may be someone I met online and did the background check on) needs investments for whatever or I start something up I think.

I guess I just really don't feel like paying conversion rates etc. (of course I need my payments in euro's at some point but that's beside the point).

I'm also like a year and a bit away from college, I'm going to get a driver's license when I find the time, I very much want to start getting a motorcycle license when I turn 18, I probably won't stay home when I go to college..

It's not like I won't find things to spend it on.

Apart from transaction costs with 'regular' investments, it's also nice if I know exactly what's going on etc. So I'd like to be in lead or know whoever is in lead I guess.