Monday, June 20, 2011

Greece and the fragile eurozone impact on the Internationista

While Eurozone finance ministers wait out the decision to loan 12bn euro ($17bn; £10bn) to Greece, the power of the euro is dancing around. As an Internationista you don't have to be involved in shares, bonds and all those other important jargony things that go on at the stock exchange to be effected.

When your simple run of the mill expenses, income and investments eg: university fees, salary, mortgages, savings and credit cards are all occurring simultaneously in different countries a big hit to the economy that delivers your cashflow and a strengthening of the economy that absorbs your outgoings can result in a pretty rotten day.

So for all those Internationistas with international finance activities here's a simple currency conversion of the Euro from 11am 20 June, 2011.

Euro
€1 - £0.88 (down)
€1 - $US 1.4 (down)
€1 - $AU 1.35 (up)

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