Quote:
Originally Posted by abaya
The Icelandic króna just lost another 2.5% yesterday. It's fallen a total of 32% in the last 6 months alone. Do you know what that means? Say that ktsp and I saved $1000 last year. Now, if we go back to the US and take that money with us, it's going to be worth $68. Now, multiply that several times and guess how we're feeling right now. And we haven't hit bottom yet.
|
First, I'm hoping you left a "0" off that 68 number. Second 32%!!! Holy crapola Batman. Up until just recently the dollars been losing ground against the peso. I assume that will change as the market is flooded with "new" cheap dollars. I figure it will maintain an artificially high exchange rate for a while, but not for the long haul.
I could be wrong... and hope I am.