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Old 11-09-2007, 10:58 AM   #1  
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Unhappy US Dollar Vs. Euro

1 Euro = 1.4661 U.S. dollars


If my math is correct, by taking the FDA to Paris, you will immediately suffer a 32% pay cut. The Fedex paycheck is issued in US dollars. Assuming (which could make an A$$ out of you and me) that you are not a member of Amway, you will be purchasing your food, clothes, utilities, gas, ect... in Paris. This appears to be a bad deal for the unlucky Fedex pilot who gets suckered into this FDA.

I hope that the US dollar rebounds soon or it's back to SO pay for all FO's and FO pay for the CA's. Just some food for thought.




1 Hong Kong dollar = 0.128745 U.S. dollars


At face value, this looks like a better deal. 7.8:1 is a good return, but I am sure that there is a higher cost/equalization for the goods and services.
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Old 11-09-2007, 11:08 AM   #2  
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Quote:
Originally Posted by A-V-A-T-R View Post
1 Euro = 1.4661 U.S. dollars


If my math is correct, by taking the FDA to Paris, you will immediately suffer a 32% pay cut. The Fedex paycheck is issued in US dollars. Assuming (which could make an A$$ out of you and me) that you are not a member of Amway, you will be purchasing your food, clothes, utilities, gas, ect... in Paris. This appears to be a bad deal for the unlucky Fedex pilot who gets suckered into this FDA.

I hope that the US dollar rebounds soon or it's back to SO pay for all FO's and FO pay for the CA's. Just some food for thought.





1 Hong Kong dollar = 0.128745 U.S. dollars


At face value, this looks like a better deal. 7.8:1 is a good return, but I am sure that there is a higher cost/equalization for the goods and services.
The exchange rate you quote for the Euro is the bank rate usually traded in $1 million blocks. Your rate will be somewhat higher depending on where you exchange your money. ATMs are the best and you can expect at the current bank exchange rate, your rate will be closer to $1.50 to the Euro after all fees.
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Old 11-09-2007, 11:16 AM   #3  
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HK$ is "pegged" to the US$ and has been at 7.78/$ for at least several years now. I'm no economics major but I think that would make HKG a better "value" for the "FedEx dollar."
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Old 11-09-2007, 11:21 AM   #4  
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In general, one gets a better exchange rate with their credit cards than with local cash currency.

When I travel, I try to use my CC's as much as possible. Some CC's will charge an Int'l fee if used abroad too.
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Old 11-09-2007, 01:20 PM   #5  
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Just trade in million dollar blocks (slathered in sarcasm).
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Old 11-09-2007, 02:41 PM   #6  
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Originally Posted by NYCPilot View Post
In general, one gets a better exchange rate with their credit cards than with local cash currency.

When I travel, I try to use my CC's as much as possible. Some CC's will charge an Int'l fee if used abroad too.
It may prove difficult to pay your rent with a credit card
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