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New currency: euro
This thread is for all of the TA that in two months are going to have a new currency: the euro. The rest of the world can give his opinion too.
Are you ready?
I'm not. Here in Spain we will have two months to be used to. I think that it will be time enough for me.
It's a pretty cool idea, I remember watching a show on TLC or Discovery channel about it...quite a massive project.
Re: New currency: euro
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| Originally posted by jlosada Here in Spain we will have two months to be used to. I think that it will be time enough for me. |
Well I'm not in europe and i'm not a big fan of currency anyways cause the Canadian Dollar ain't worth shit. Oh well, hope it works out for you all.
for people outside of europe its cool... that way when i go traveling in europe i can just use the same currency everywhere, instead of having to come home with useless change from every country you visit.
I work in foreign exchange and actually all the currencies from the countries that make up the Euro we dont even trade in anymore...like the spanish pesata...or the irish punt...or greek drachma...all those have been dead currencies for trading since the installation of the euro in 99...the only thing now is that those currencies will be totally desolved and the euro will be the only real currency of those countries...it makes it alot easier on us tourists to only have to carry one form of currency rather then having to exchange it all the time...hehehehe
I dont really think it is gonna change that much... the euro has been around for two years already...The only thing is that they were changing it lil by lil for common europian countries.Like twilochik said.. it is still worth the same... just going to change the name pretty much.
xoxo Ur Dream Grl
^^^I think it'll be a 'lil more than that. Because now (in 2 months) will be the first time anybody actually has the money in his hands.
Also, TV stations are asking people on the streets for the conversion. like: "this bread costs 2 euro, how much is that in DM" and half the people answer it's 1 DM (but it's 4!)
And this after every price tag you see has both prices on it for years now...
There will be a lot of confusion. At first in Germany you will feel like you only earn half the money (for example get a 2000 on your paycheck instead of 4000). It's worth the same, of course but still...
And I'm still wondering how they want to change all the coffee/cigarette/sweets machines that you use with coins. Cause we get all new coins...new sizes, weight and all.
Glad that's not my problem...
@Dream Girl, when will ABT be home?
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| Originally posted by Ur Dream Grl I dont really think it is gonna change that much... the euro has been around for two years already...The only thing is that they were changing it lil by lil for common europian countries.Like twilochik said.. it is still worth the same... just going to change the name pretty much. xoxo Ur Dream Grl |
lol...i can't get myself to do that because I ned all the money that I can lay my hands upon 
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| Originally posted by Miss Proximus lol....this post made me laff like hell! you obviously have no idea what you are talking about. i agree very much with dawn's post. It is gonna be hard to calculate what all the articles will be worth in our own currency and damn...not to mention the prices that will be raised. And the Italian Lire for example.....it's worth shit! And that affects the entire currency of the euro... And I don't like the fact that we are gonna lose our own guilders...I know people that saved up all the coins and bills and they made a collage out of it lol...i can't get myself to do that because I ned all the money that I can lay my hands upon Anywayz...this is all very convenient for all you tourists...and we are gonna get all the trouble that comes with it....like dawn said...."what about all the coin machines" i heard them say that they will change them in the 1 or 2 months in which we can get used to the euro... A well...I'll see how it will go |
The Euro is almost equivalent with the USD...it trades at a rate of .9..... So that's close to 1=1. GBP trades at a rate of 1.4.... which is for 1 USD you get like .40 GBP. Figuring out the rates really isnt that hard. Euro compared to DEM right now is at a rate of 1.something...which means that you get more DEM then Euro...but, Proximus..the Euro has its own conversion rate...the disolving of the particular currencies I do not think will not effect this rate at all. If it was going to I would think I would have heard about it. You all will just have to get used to thinking in Euro instead of NLG or DEM...or ITL....we do it when we come to europe...its not that hard. Maybe I just think its easy bc I work in a department where we trade foreign currency to make money. It's very easy to pick up on...I wouldnt worry too much that there will be too many problems...but like you said machines that take coins will have to be changed...but I'm sure they will allow usage of coins for a while even after the Euro is in place. Maybe when the Euro actually becomes a tangible currency they will format it after the USD....I know in many countries in europe alot of the currency is made up of coins...in america most of it is in paper bills....if they did that then the conversion wouldnt be so bad maybe. And I really had no idea that Euro was not a tangible currency as of yet. B/c right now we wire Euro to Germany and other countries that participate in the Euro...so you're telling me that when they recieve the Euro into their acct in oder to take it out and say use it in Germany they have to have it converted into DEM??? B/c when we make payments overseas for clients of ours they have an option of sending euro or sending euro with a message attached to convert to a certain currency. I always assumed that Euro was a tangible currency that was accepted in the countries that participated in the Euro. Just my thoughts coming from someone who does this for a living.
ok, I believe what you say about the euro if you believe that I say Bush is an ass and that retaliation is for losers 
sorry twilo nth personal
I just bloody hope that we (UK) don't go for the euro... but it's gonna happen sooner or later... argh money will br the death of us all!!!!!
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| Originally posted by djdawn ^^ @Dream Girl, when will ABT be home? |
| quote: |
| Originally posted by Miss Proximus lol....this post made me laff like hell! you obviously have no idea what you are talking about. |
| quote: |
| Originally posted by Miss Proximus lol....this post made me laff like hell! you obviously have no idea what you are talking about. i agree very much with dawn's post. It is gonna be hard to calculate what all the articles will be worth in our own currency and damn...not to mention the prices that will be raised. And the Italian Lire for example.....it's worth shit! And that affects the entire currency of the euro... And I don't like the fact that we are gonna lose our own guilders...I know people that saved up all the coins and bills and they made a collage out of it lol...i can't get myself to do that because I ned all the money that I can lay my hands upon Anywayz...this is all very convenient for all you tourists...and we are gonna get all the trouble that comes with it....like dawn said...."what about all the coin machines" i heard them say that they will change them in the 1 or 2 months in which we can get used to the euro... A well...I'll see how it will go |
| quote: |
| Originally posted by ABTsportsline they still prefer the local currency everywhere, and a lot of places will accept the euro, but give you change in their local currency.... When i first went over there i was excited about the euro, making everything really easy... but in the end, it just made things worse. I was carrying Euro around with me everywhere, and was getting change in the local currencies everywhere.. so in the end i was carrying an EXTRA currency. -ABT- DAWN!@!!!!!! |
!!!
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| Originally posted by djdawn Nice to see you made it back in one piece, ABT!!! But I have to comment on this. I don't know what you had in your wallet, but it was NOT THE EURO! This currency has NOT been made available to people yet. You cannot pay with it because nobody has it. The banks have just started to spread the money, but only to other banks and stores. These have to keep them until January and then they will have to give you euro for change no matter with what you paid. K? Let's chat soon, and thanks for all those postcards !!! |
Whatever it was, it definitely wasn`t the euro.....lol
As for all the british people: Not taking part in the euro is one of the biggest disadvantages your country can have....
fellow Europeans I'm not like trying to seperate and isolate us European countries right but having your own currency is like having your own flag, changing to euro means in a way we slightly lose our identities as countries, its just like making us all speak one fucking language, I'm pretty glad England (where I live) has kept out of the euro but i agree with trance luva that the � will be no more sooner or later cos more and more politians in this country seem to be for the euro. DJ Dawn good point about vending machines also if u get your wages in Euro how the fuck are we supposed to work out rent, prices and things like that its just confusing, pointless, and a waste of time, doe's everyone think we should be walking currency converters, no keep the original currencies ,we should keep our currencies and not lose our identities
LoL!!! They were travellers checks! no wonder everyone gave me back their own currency! LOLOLOL.... stupid me, i thought they were Euros! hehehe, i'm a stupid focker!
-ABT-
^^^LOL thats pretty funnny.
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| Originally posted by ABTsportsline LoL!!! They were travellers checks! no wonder everyone gave me back their own currency! LOLOLOL.... stupid me, i thought they were Euros! hehehe, i'm a stupid focker! -ABT- |
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| Originally posted by TeKnoHe@d2025 I can see it now.... A&W Root Beer commercial: "Now that's pretty thick headed" |
Yeah that was pretty funny....
But back to the issue at hand, i think the concept of the euro is great, but another problem it presents is one that hasn't been mentioned yet: The Money Trade.
Remember, a lot of people make their money investing in countries' currencies alone. My dad is an investment guy, and he has a lot of clients who speculate on currencies all day (buy/sell one countries' currency for another depending on their fluctuation).
The upside to the euro is obviously the uniformity, but like O'callaghan said, its almost like a flag.... some countries do well by their strong currencies, while others suffer... this is kinda like a poorer country pulling all the rest of europe down, you know?
Maybe that is why England didn't want to join - the pound is one of the strongest currencies in the world - they could only lose if they joined in the proposition!
Another downside: if one country's economny colapses, won't that kill the euro everywhere and effect every country in the EU?
-ABT-
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