1108 – Foreign Currency Exchange Rates
Sydney: Where should we go on our honeymoon? I thought Rome would be nice.
Isaac: Let me check. No, that wouldn’t be a good idea.
Sydney: Okay, how about Tokyo? I’ve always wanted to visit Japan.
Isaac: No, I’m afraid not.
Sydney: How are you making these determinations?
Isaac: I’m checking to see if the U.S. dollar has a favorable exchange rate with those currencies. We want our dollars to go as far as they can.
Sydney: You mean you want to pick our honeymoon destination according to the currency market.
Isaac: I’m just saying that we should take advantage of falling currencies or ones that have already depreciated significantly. A strong dollar means we can get more bang for the buck.
Sydney: So you’re saying that you want us to make plans at the whim of the Federal Reserve and central banks.
Isaac: Well, I wouldn’t go that far. I’m only saying that it would make financial sense.
Sydney: That doesn’t seem like a very romantic way of picking a honeymoon destination.
Isaac: Romance is overrated. Wouldn’t you rather be solvent than sentimental?
Sydney: I’d rather be solvent and sentimental.