Foreign Exchange - Euros
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In 2003, I deposited $10,000 into a Swiss bank account I have had since I worked in Geneva in the 1970s. ($10,000 is the limit that Americans can wire in one transaction to an overseas location)
At the time (2003) the dollar was strong....the ratio to the Euro was about .91.
What is it today?
What is the $10,000 worth today?
Should I convert it back to dollars?
Or should I keep a toe in the Euro market in case I want to buy some real estate in France someday?
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Solution Summary
The solution examines the value of a euro.
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The current rate is 1Euro= 1.31 US$ or 1US$= .761 Euros, It means that ...
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