Mon 6 Dec 2004
When we arrived in Hungary during the summer of 2003 the US Dollar was worth 235 Hungarian Forint. The Forint is tied to the Euro. Last year at this time the Dollar was worth 200 Forint. Last month it dropped to 182 Forint. That’s a 23% drop in our purchasing power. Ouch. Mentioning this at all would be unvarnished belly-aching if it weren’t for the reality that God meets our needs regardless of exchange rates. Nevertheless, our hope is that 2005 sees higher interest rates in the US that might increase the Dollar’s value.
December 7th, 2004 at 7:05 pm
So for my visit to Budapest, should I be tracking the Euro or the Forint for exchange rates?
December 8th, 2004 at 11:08 am
Track the Forint so you’ll be oriented to making that exchange in your mind. Otherwise it doesn’t matter. If you visit XE.com, you can sign up for a daily email from them with the current exchange rates.