Originally Posted by
GUWonder
Since the very first day of the full transition to euros for retail transactions, there's been a c. 50% decline in the value of the dollar vis-a-vis the euro. I don't consider a decline in the US dollar from c. $0.88/€1.00 to c. $1.30/€1.00 to be small peanuts.
The Euro was quite weak at the transition time, and it's rather arbitrary to pick this date as measure for comparison. When looking at the past performance of some of the Euro's stronger components, the current $ exchange rate looks quite acceptable (we're at about DEM1.46/USD1.00).