OK maybe not "free" falling but falling nonetheless. A little poetic license there :) What am I talking about? The Euro! Yes I know it is bad news for a lot of folks but for us it is a bonus. We spent big bucks having work done last year when the Euro was at around CAD $1.6 and so we are cashing in now that it is low. Today I managed to get CAD $1.28. Whoohoo!
When we were purchasing the house - the rate was around $1.35 - $1.43 and we used one of those services where you lock in a rate because obviously over the price of a house, a few cents here and there, made a big difference. And it has been on a roller-coaster ever since. Sorry everyone, but we ARE trying to keep the grin of our faces while rubbing our hands together in glee.
The golden Euro is looking a little tarnished these days and we do know it doesn't bode well for the Eurozone in particular and the world in general - all this uncertainty, credit crunch and Euro bailouts. But it is nice to be on the plus side for a change and we are making the most of it as we squirrel away funds to pay for this summer's scheduled work. I am sure it will come full circle - these things always do.
5 comments:
The exchange rate is really scary at times when you have planned retirement and then all goes wrong. My pension comes from South Africa and that is a disaster!! Diane
Diane I am sure it is very scary when you are retired and on a finite income - and those days are creeping up on us too! We are just taking advantage while it is possible to do so, I do hope things settle down soon and we can all relax a bit - less uncertainty would be nice :)
Know of any good U.S. and or Canadian websites for people looking to take advantage of the rate of exchange by buying their house in France?
Serious question!
Hi FITW - I can't say I have come across any - sorry. But I will keep my eyes peeled for you.
That would be super...not just me, but a good friend is coming to a 'change' point and we're both fed up with local estate agents trying to knock us down in order to get their commissions.
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