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1,108 - Foreign Currency Exchange Rates

June 1st, 2015

Episode 246 of 489 episodes

Should your vacation plans depend on the strength of your country’s currency? Find out in this episode. Slow dialog: 1:16 Explanations: 3:25 Fast dialog: 15:13 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. Script by Dr. Lucy Tse

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