One euro was worth about $1.60 in the middle of 2008. It's worth about $1.35 now. Was worth about $1.20 back this summer. And in mid 2001 it was worth about $0.

One euro was worth about $1.60 in the middle of 2008. It's worth about $1.35 now. Was worth about $1.20 back this summer. And in mid 2001 it was worth about $0.85. Cheap is relative.