US Dollar rate reaches new highs

The weakening US Dollar has given us near the best exchange rates since the end of 2009 today, for anybody sending money to the USA.

The Euro continues to strenghten, despite the Portuguese bailout plans, which won’t necessarily give us better EUR rates. When the Greek economy was bailed out last year, the Euro actually became more expensive, as these moves are seen as a sign of unity and strength in the Eurozone.

The Pound is also vulnerable to European problems, due to the UK’s exposure to Eurozone banks and institutions.