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.

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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