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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22079)	12/4/2004 5:38:11 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 80976

Told you so...() $, €, ¥: Some historical perspective Floyd Norris International Herald Tribune* Saturday, December 4, 2004 [...] Why has the fall of the dollar not hurt more? One reason is that for all the talk about record lows for the dollar, it is in fact well above where it was almost a decade ago, when the currency really was weak. To be sure, the euro has approached $1.34, higher than at any time since the currency was introduced at the start of 1999. But that record merely reflects the short history of the euro. European companies had to compete when they were using marks and francs. The accompanying chart shows the value of a euro over a longer period of time, using the German mark as a proxy for the euro before 1999. In 1995, the mark peaked at a value equivalent to almost $1.43 for the euro. [snip] iht.com (*) Message 20804493