Author Topic: R.I.P. Sony and PS3  (Read 15668 times)

RetroJape

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Re: R.I.P. Sony and PS3
« Reply #30 on: April 18, 2007, 12:01:44 pm »
From what you heard? Wow, you had better learn your own currency if you really do live in Europe.

For future reference:

1 Euro = 1.3555 U.S. Dollars

Or:

1 US Dollar = 0.7364 Euros

springfield

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Re: R.I.P. Sony and PS3
« Reply #31 on: April 19, 2007, 04:03:07 am »
From what you heard? Wow, you had better learn your own currency if you really do live in Europe.

For future reference:

1 Euro = 1.3555 U.S. Dollars

Or:

1 US Dollar = 0.7364 Euros

After the introduction of the euro, its exchange rate against other currencies fell heavily, especially against the U.S. dollar. At its introduction in 1999, the euro was traded at 1.18 US$/€; by 26 October 2000, it fell to an all-time low of 0.8228 $/€. The euro then began to recover, rising to nearly $0.96 by the beginning of 2001, but declined again (although less than previously), reaching a low of 0.8344 $/€ on 6 July 2001. The euro then began steadily appreciating, and reached parity with the U.S. dollar on 15 July 2002. For the past three years, the euro has remained above $1.15.

On 23 May 2003, the euro surpassed its initial (1.18 $/€) trading value for the first time. At the end of 2004, it reached a peak of $1.3668 per euro (0.7316 €/$) as the U.S. dollar fell against all major currencies, fueled by the so-called twin deficit of the US accounts. Although the US trade imbalances are heavily tilted against East Asia rather than Europe, East Asia's reluctance to let their currencies rise has led to the euro rising in its place. However, the dollar recovered in 2005, rising to 1.18 $/€ (0.85 €/$) in July 2005, and was stable throughout the second half of 2005. The steep increase in U.S. interest rates during 2005 had much to do with this trend.

By early December 2006, the dollar fell below €0.75, hitting a low of 0.7495 €/$ (=1.3340 $/€), slightly more than 3 cents away from the record low it had set in late 2004. On April 13, 2007, due to the continuing weakness of the US dollar, the euro was mere cent away from reaching its all time high.

It seems you where right, anyways i live in Europe i dont live in America :P so i know what a euro is i almost dont know how a dollar looks like :P except they are green :D
« Last Edit: April 19, 2007, 04:07:07 am by springfield »