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The Icelandic kronur was 65 to the dollar when we got here last year, and went down as low as 58 to the dollar in the last 6 months. On Friday, it was up to 70 to the dollar, and I cashed some American checks, pretty happy with myself... figured it would drop back down soon enough, given the relative instability of this country's currency.
Today, it's up to 75 and doesn't appear to be stopping anytime soon.
I don't know all of what's going on Stateside, but the fact that the little Icelandic kronur has dropped over 5% in value overnight does make me more than a little concerned. I know it's been the same in several markets, but the changes have been more around 3-4%. It's definitely global.
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And think not you can direct the course of Love;
for Love, if it finds you worthy, directs your course.
--Khalil Gibran
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