Price of Euro after grexit?

[blacky90]

Currently it is $1,10 for one Euro
what would happen to the Price  if greece left the euro ?

[randy8777]

i think it will shortly dip below the $1 mark, maybe to $0.80/$0.90 but it will recover after a while when other countries are realize this is the best option. no more greece in the euro.

[azguard]

i think it will shortly dip below the $1 mark, maybe to $0.80/$0.90 but it will recover after a while when other countries are realize this is the best option. no more greece in the euro.

i don't believe that i will go under 1:1 ratio it may be equal but it wont go bellow.

[--Encrypted--]

I think it'll go below USD for a while before making it back to the 1:1 ratio (or a tiny bit higher). then it'll stay there until something else happens

[AtheistAKASaneBrain]

i think it will shortly dip below the $1 mark, maybe to $0.80/$0.90 but it will recover after a while when other countries are realize this is the best option. no more greece in the euro.

i don't believe that i will go under 1:1 ratio it may be equal but it wont go bellow.

It could go below for a short period of time when panic ensues, it's only 14 pips from now and you are there.

[Hyena]

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

[NUFCrichard]

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

Why should removing the weakest link from a currency reduce the value of the currency?
The fact that people think that a € is worth more than a $ is meaningless, it also wasn't always the case (e.g. 2002)

The Euro might before more localized to northern Europe, but it isn't going anywhere soon, or at least not long before the USD goes down!

[Amph]

it's still holding above 1.1, it does not look that easy to dump it below 1

and it look solid now, with some swing up to 1.11

[hua_hui]

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

Why should removing the weakest link from a currency reduce the value of the currency?
The fact that people think that a € is worth more than a $ is meaningless, it also wasn't always the case (e.g. 2002)

The Euro might before more localized to northern Europe, but it isn't going anywhere soon, or at least not long before the USD goes down!

If grexit happen, it means the Europe is broken! Ppl will lose confidence to its single currency! Panic selling may occur, the rate has high chance to dip lower than equality! But it wouldn't last long before ppl recover the confidence to Europe! Besides that, America has a lot of issues on the spot in the future, like huge debt, deficit, low employment rate etc, which will put pressure on dollar!

[Argwai96]

This is a good test of the current alternative if it gets to happen, https://www.youtube.com/watch?v=KHAWfTP5iW0 it actually getting some good reactions from both sides
Euro or Grexit i think the people are more worry about the economy the politician put them in.

[jeannemadrigal2]

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

I disagree, I think that the euro is backed by a strong economy.  Sure the grece will make a dent but long term I think it is ok.  But I could be wrong, you can never overestimate the silliness of crowds when fear is in the air.

[JarvisTechnology]

Right now the Euro is not doing that well. After Greece crisis , everyone is speculating a dip in the Euro rate with proportion to USD. Euro might even go below USD. That's how experts feel about it. But i believe that the fall will be temporary . Not for a very long period of time. The USD and Euro currency will be back to 1:1 ratio or maybe Euro can do better in future.

[Argwai96]

Right now the Euro is not doing that well. After Greece crisis , everyone is speculating a dip in the Euro rate with proportion to USD. Euro might even go below USD. That's how experts feel about it. But i believe that the fall will be temporary . Not for a very long period of time. The USD and Euro currency will be back to 1:1 ratio or maybe Euro can do better in future.

Yea there is a lot of speculations going on in the currencies markets, more people picking up the dollar, i just want to be fair with the euro Greece is not a big player when it comes to other European country's is a tiny spec but their politics have driven the country to shit and they have to relay on the Euro to bail them out.

If the countries economy has failed to pay its creditors is because their economy policy used by the government has failed also just imagine if they didnt had the euro to bail them out.

[afbitcoins]

The euro will die!

[yayayo]

Currently it is $1,10 for one Euro
what would happen to the Price  if greece left the euro ?

If Greece leaves the Euro (currently it seems that it might not happen), I think the Euro will increase in value, because its weakest member left. Very short term the Euro might drop because of an immediate fear reaction, but I'm pretty sure it would gain quite fast afterwards.

A different reasoning would be a dropping Euro because of constant fears of contagion effects. Personally I don't think that this scenario is realistic right now, because the ECB is ready to intervene massively.

Of course, regardless of what will happen in the short or medium term, ultimately the Euro will face the fate of all fiat money: Zero.

ya.ya.yo!

[GreenCoin22]

The euro will die!

On the contrary, the euro will rise after Greece's exit from the EU

[Furio]

Right now the Euro is not doing that well. After Greece crisis , everyone is speculating a dip in the Euro rate with proportion to USD. Euro might even go below USD. That's how experts feel about it. But i believe that the fall will be temporary . Not for a very long period of time. The USD and Euro currency will be back to 1:1 ratio or maybe Euro can do better in future.

Those same experts didn't see the financial crisis coming, and even now are creating a new one, by holding the fraudulent and sick system into practice. Please don't come with opninions of "experts"  because they know jackshit and never can see the whole picture...

[Amph]

The euro will die!

On the contrary, the euro will rise after Greece's exit from the EU

i also think this, less loan to be payed to a country that is only a big leech and nothing else, i'm sure that a big portion of the the devaluation of the euro happened primarily for all their great debt that was never payed back from greece

grexit can only help the euro at this point, they are nothing more than a dead weight right now...

[MF Doom]

Greece is not the only country in the Eurozone with debt issue, I believe France, Spain, Portugal, Italy all could potentially be in simialr situations in the not too distant future.  Greece is only the beginning of this.  Seems like those calling for worldwide economic crisis might not be too far off...

[Hamuki]

So happy that we use DKK (Danish Krone) instead of that Euro Shit.
Then we dont need to have all the shit from greece.. Atleast not as much..