Now that twenty-thirteen has officially come to a close, I can look back on it. I ended last year’s review post by saying, “I am so excited to see what 2013 holds and I plan to live it to its fullest!” I am thrilled to say that I have truly fulfilled these words! By far, 2013 was my most adventurous year yet. The year contained way too much awesomeness to cover in one post, but here are the biggest highlights…
I’ve fallen in love with Switzerland and now it’s time for me to go. I first laid eyes on the country three years ago and it was love at first sight. The snow-capped mountains, lush hills, and cities full of rich history captivated me. Though I only spent a few days in this beautiful land, I knew I had to return.
Today marks my one week anniversary of arriving in Switzerland. (In case you didn’t know, I bought a one way ticket and will be here until the end of November!) In honor of this mini-anniversary, I will share 10 things I’ve learned since being here.
I now officially have under two weeks until I depart for Europe! The Saturday after next, I will be boarding a plane to Geneva, Switzerland…and I have no idea when I’m returning to the US.
Alright, folks, I’ve decided to open up Adventurous Andrea to guest posts and will be featuring more guest writers as time goes on. I love hearing other’s adventure, travel, informational, and life stories, and figured you do too! Because of my upcoming travels to Europe, a topic I’ve been researching more and more is exchange rates. When Peter shared some of his content with me, I was intrigued and figured I’d offer some of his knowledge to you. Without further adieu, I give you…
What’s in store for the foreign exchange rate in 2013
by Peter Lavelle
Are you planning to move to Europe, like Andrea? If so, find out here what’s in store for the foreign exchange rate in 2013!
So far in 2013, the US dollar has been king of the hill where the foreign exchange rate is concerned.
On March 12th for instance, the greenback hit its highest against the UK pound since June 2010, or almost 3 years.
And on the 27th of March, the buck touched its strongest against the euro since November 21st last year, or close to 6 months.
How come? Well, it’s because, while the economies of Europe are still stuck in the mud, the US has been entering top gear.
For instance, the US has created close to 215,000 jobs each month since last November, which is no slow going.
Moreover, there’s an excellent chance the foreign exchange rate will reach fresh heights before the year is out.
First, this is because, if the US keeps creating jobs at this pace, the Federal Reserve will decide the economy no longer needs support, and stop printing money. That will quickly lift the buck.
Second, Europe is in recession, and looks set to stay there. That will put continued pressure on the UK pound and euro.
Given that, not only is it a good time to exchange currencies, but the foreign exchange rate could continue to pick up this year!
About the Author
Peter is an economist at foreign exchange broker Pure FX.
If you’d like a personalised forecast for the foreign exchange rate, pay him a visit! He’d be delighted to tell you what he thinks will happen next to the US dollar.