Friday, May 25, 2007
Bank Update: Currency Edition
That is the value of the USD vs. Danish Krone (affectionately known as the Copey) since I have been here. Notice the slight downturn, and by downturn I mean constant decline, which amounts to a 5% decrease in my purchasing power parity. Add to that the high price of living expenses here, and a man with no income could have a problem surviving here. Keep in mind the minimum wage is approx $14/hr. here, so they have no problem surviving. Heck, Danish students receive weekly checks from the government to pay for their living expenses (aka beer for a Dane).
I won't frighten you with actual balance of my account, but rest assured it will be good/(necessary?) to get back home to start working again!
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