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Mexican Peso Hits Record Low Against United States Dollar

If you are looking for a country to travel in which your dollar gets you more for your money, look no further than Mexico, as the United States dollar can buy more Mexican pesos now than ever — at least for many years — and the peso could sink even lower this year.

At the end of the day yesterday…

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Eliminate the Penny: Does it Make Cents?

Philip Diehl wants to eliminate the penny — and he attempted to do just that during his time when he was the director of the United States Mint from June of 1994 through March of 2000 — and he is not the only person who believes that the penny is obsolete, according to this article written by Tom DiChristopher of CNBC.

Jim Kolbe — a former Republican member of the United States House of Representatives who represented the fifth congressional district in Arizona — also unsuccessfully tried to abolish the penny by congressional action in 2001 and 2006.

The penny currently costs…

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Dollar and Euro at Parity by 2017?

It might interest Martin J Cowling of the Wild About Travel weblog — who wrote an interesting article about getting to know your currency — that the euro is on its way to achieving parity with the dollar by the end of 2017, according to analysts at Goldman Sachs Group Incorporated as reported in this article by James Ramage of The Wall Street Journal.

The last time that the euro and the dollar were at parity was in 2002 — which is the year it entered circulation as a physical currency.

Martin wrote that if he could have his way…

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Possibility of Scotland Independence Weakens British Pound

If you are traveling to the United Kingdom and suddenly find that you have greater purchasing power — or if you are a resident of the United Kingdom who is finding that goods and services abroad suddenly cost a little more — thank the people of Scotland who are voting for its independence.

If you are traveling to the United Kingdom and suddenly find that you have greater purchasing power — or if you are a resident of the United Kingdom who is finding that goods and services abroad suddenly cost a little more — thank the people of Scotland who are voting for its independence.

The British pound is sharply lower against the United States dollar due to the possibility of Scotland independence, according to…

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The Almighty Dollar

Hooray — the dollar strengthens!

…or so one thought.

Follow the roller-coaster ride of the United States dollar, as well as which FlyerTalk members are rooting for the dollar to gain in value, and which FlyerTalk members want the dollar to decrease in value, in the Hooray — the dollar strengthens! thread.

Will the dollar regain the value that it enjoyed in the past, or will it decrease in value to the point where it sinks to new lows compared to other world currencies?

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