Will EUR be worth more than USD again before November?

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Ṁ730

resolved Oct 26

Resolved

YES

ALL

If the dollar price (exchange rate) of one euro (EUR) reaches $1.0001 or above after September 22 and before November 1, 2022 (according to the "High" column on investing.com), this market will resolve to "Yes". Otherwise, this market will resolve to "No".

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9 Comments

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predicted YES

Follow up: Will EUR be worth more than USD on close Nov 30. ? | Manifold Markets

bought Ṁ1,000 of YES

For today the "High" is already 1.0048

It isn't "worth more", it exchanges or trades at parity. Technically the dollar has never been "worth more" relative to the Euro and Pound, so phrasing it this way I think can be misleading. Though hardly seems to matter now that it has happened!! Great question though!

predicted YES

@BTE Not entirely sure what you mean. Because technically USD only specifies the unit not an amount?

Maybe also interesting: Will the USD close over 153 JPY on 2022.10.31 ? | Manifold Markets

@TimP What I mean is from an American perspective the dollar has never been worth more, so it's a good time to go on vacation to Europe, or just about anywhere for that matter. So reading "worth more" felt strange. Like would you ever say the Yen was "worth more" than the dollar? No because one yen is actually worth like one cent.

predicted YES

@BTE Ah, but right now one euro is worth more than a dollar.

@TimP Yes I guess there are flaws in my analogy. Probably should still be asleep. I like your the idea of forecasting forex as a recurring (weekly, monthly) question. It would be fun to try to build a real world trading bot that buys spot with leverage based on the Manifold community prediction.