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US Dollar improves against Euro

Discussion in 'Ferrari Discussion (not model specific)' started by CDM, Dec 1, 2005.

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  1. CDM

    CDM Formula Junior

    Oct 10, 2004
    340
    #1 CDM, Dec 1, 2005
    "FRANKFURT, Germany - The U.S. dollar strengthened against the 12-nation euro on Thursday even as the European Central Bank raised interest rates for the first time in five years. The euro was at $1.1734 in late New York trading, down from $1.1791 late in New York on Wednesday. The British pound rose to $1.7310 from $1.7290 the night before, while the dollar bought 120.46 yen, a two- year high, up from 119.81 in New York. The dollar rose to 1.3176 Swiss francs from 1.3147, but fell to 1.1639 Canadian dollars from 1.1645."

    A friend pointed out the 430 is up over 27% over a 2000 MY 360. This doesn't include the effect of no longer having Luxo Tax. Perhaps the strong dollar will hold the line on 2006 Ferrari pricing.
     
  2. enjoythemusic

    enjoythemusic F1 World Champ

    Apr 20, 2002
    10,676
    Worldwide
    Full Name:
    Steven
    #2 enjoythemusic, Dec 2, 2005
    Sorry, byut the USD is still very weak! The plan was a 1:1 dollar vs. Euro. i remember a Euro being $0.87 or less. The 1:1 would be more ideal IMHO.
     
  3. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,386
    Houston, Texas
    Full Name:
    Bubba
    #3 BigTex, Dec 2, 2005
    Yea, and I'm waiting on the $0.87, to order my two Schedoni luggage sets!!! ;)

    Encouraging news, though!
     
  4. peajay

    peajay Formula Junior

    Apr 17, 2002
    454
    near Paris, France
    Full Name:
    Paul
    #4 peajay, Dec 2, 2005
    In fact when the Euro was launched the level is exactly what it is today, 1 Euro = $1.17, so it has been up and down and now back to the start.
     
  5. BigAl

    BigAl F1 Veteran

    Mar 17, 2002
    6,146
    TX
    Full Name:
    GSgt Hartman
    #5 BigAl, Dec 2, 2005
    been following the euro and CAD too. Funny how the CAD has fallen to a low I've not seen in years. I remember awhile back it traded at like $1.65 or thereabouts.
     
  6. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
    Full Name:
    Art
    #6 2000YELLOW360, Dec 2, 2005
    In 1999, I went to Europe, and recall the Euro being .87 per dollar.

    Art
     
  7. TopElement

    TopElement Formula 3

    May 14, 2005
    1,540
    OC & Vegas
    Full Name:
    A Montoya
    #7 TopElement, Dec 2, 2005
    Same here, it was much better that way! Last time I went to Germany though, the euro was around $1.17, and the difference was noticable.
     

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