Quote: from Event Horizon at 12:03 pm on Oct. 28, 2008
Because we are in a major economic crisis. Not too long ago the euro was at and/or above 2:1 with the american dollar. To see the dollar actually INCREASING in value [or at least the euro decreasing] is surprising.
Never hit 2:1. The peak was around 1.6:1 dollar:euro. You can call that a petty difference, but that's a 20% difference.
in case u dont know, since the euro came to being on 1/1/2000, 1 euro is very close to how much the $1 is.
In case you don't know, the euro was initially priced at around 1.1:1 dollars:euros. 2000's was a great time for the dollar, so we only got used to the idea of 1:1 but it was never intended to be so. We're finally coming back to initial-pricing parity.
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