I'm in a bit of a predicament, one that's been stressing me a lot recently. I'm hoping perhaps the educated opinion of others may help me out a little and ease the stress a bit. I've currently got about 20k euros and with exchange rates the way they are at the moment, if I were to exchange it to AUD I'd be getting a fairly miserable payout, compared with exchange rates of the past. The euro is basically at a 10yr all time low. Now I don't really have a clue about economics, all I know is that it's so low because the European economy is in some sort of troubles at the moment and counties like Greece and Ireland have needed to be bailed out. I'm not entirely sure what that all means, all I do know is it means the euro has dropped in value significantly. The opinions I'm after are what do you guys think will happen with the euro? Will it recover? Is it just a case of how long? I know people say that past performance isn't at all indicative of future value, but looking over the past 10yrs the value of the Euro to the AUD has largely fluctuated between the 1.56-1.70AUD mark. I was really only hoping to try and get $30k for my euros (1.50AUD), but with things the way they are now I wouldn't even get $26k. I know there's a good chance it's going to continue to fall over the foreseeable future, but do you guys think it will ever get back to 1.50AUD? If so how long do you think it would take? It seems to me the US economy took a big hit and has since recovered, the AUS economy took a big hit and has since recovered, could it just be europes turn and they'll soon recover too?