Friday, August 15, 2008

US Dollar hits 6 month high

This is a strange entry with which to resume blogging.  But, I was excited by the news today that the dollar hit a six-month-high at $1.4679 against the euro today.  Our local bank's rate wasn't quite so good, but a lot better than one month ago.


One month ago the USD rate was 1.58!  This is very good news!  Analysts are predicting that the dollar will strengthen throughout the year.

The exchange rate has a direct effect the resources that we're able to bring to ministry.

via Bloomberg