Is the dollar going to go down against the euro this year (ie should I prepay a fall Europe trip)

[Anonymous]

Self-interested question - with increasing instability from the House - should I be prepaying the costs that I can for my Europe trip if its not til late 2023?

[Anonymous]

The world is too volatile now to be able to give a good answer. Normally, I might say "yes" but we have no idea if Covid could get really bad again, how Europe might do vs. Putin, etc. Maybe hang tight.

[Anonymous]

Personally I wouldn’t prepay any trip to try and game currency fluctuations/

Bigger risk is your prepayment than a few point climb in the euro.

At most, buy your spending cash now (if you are the type of person to carry a lot)

[Anonymous]

Anonymous wrote:Self-interested question - with increasing instability from the House - should I be prepaying the costs that I can for my Europe trip if its not til late 2023?

No, if anything the dollar will gain strength. Europe is tied to our financial system, so will suffer downstream effects from our internal shenanigans. They also have their own worries developing. The only way the Euro gains on the dollar in the next year is if there is sudden peace in Ukraine and the sanctions end.