So after a long slow climb, the £ has, for the first time in 15 years, broken through the $2 exchange rate barrier. Which is great for importing stuff from the States (or going on holiday there).
But if you're looking for an alternative destination, of course the UAE dirham is pegged to the US$, so whatever happens to the dollar happens to the dirham too.
Which means that those of us who get paid in dirhams are increasingly being paid less in £ equivalent.
(He pauses, listening intently for the sound of distant sympathetic sobbing………).
Anyway, you get my point? The UAE is now cheaper to visit than at any time in the last 15 years (if you discount inflation).
So when are you all (both?) coming?!!
1 comment:
I see your "exchange rate woes" and raise you my "interest rate woes". Our already huge mortgage is costing about 15% a month more to pay off than it did when we took it out 3 years ago. I'm trying to ignore the media scaremongering on this one, though.
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