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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