Currency Exchange Prompts Model Behaviour

She may have become the world's richest model for looking good, but Gisele Bündchen is more then just a pretty face. The fabulously wealthy it seems know how to take care of the pennies as well as the pounds, which is why Ms Bündchen clocked the current currency exchange rates and requested that she was paid in euros not dollars.

Currency Exchange – Sitting Pretty

Judging by the currency exchange rates Ms Bündchen made a shrewd move requesting to be paid in euros. It's thought that the Brazilian supermodel earns around $30 million a year but has said she wants to avoid US currency because of its escalating weakness and volatility. The currency exchange rates mean it's never been so expensive to be an American travelling in Europe. Gisele Bündchen's sister Patricia, who is also her manager, told Bloomberg news: "Contracts starting now are more attractive in euros because we don't know what will happen to the dollar."

Weak Dollar, Strong Pound – Currency Exchange Record

Although some may believe models like footballers are paid an over inflated rate, the move to reject the dollar is something many businesses and private individuals have already made. The sliding value of US currency and the sub-prime housing crisis, as well as escalating oil prices, have all raised fears that the American economy is facing serious recession. Currency exchange rates have never been so poor for the dollar. This month, currency exchange rates saw the dollar hit an all-time low against the euro, British pound and the Canadian dollar.

Ditch the Dollar

Ms Bündchen has taken into account the currency exchange situation and has demanded that she is paid in euros not dollars for her contracts with Dolce & Gabanna and Pantene shampoo. The continued negativity surrounding the future currency exchange rates for the US dollar means more people will lose confidence in the American economy. The Guardian newspaper reported that billionaire investor Warren Buffett said of his Berkshire Hathaway investment vehicle last month: "We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies."

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