I don't think anybody knows anything about money six years out.
There are analysts who think that America and Europe are doing the same sort of wrong things with a few years of separation between them, that doom has come due for America this year and will come for Europe in a couple of years, so now isn't far from as bad as it gets, but this is by no means universal.
On 1 January 2007, one dollar would buy you (http://www.oanda.com) 116 Canadian cents or 20.91 CZK.
On 7 November 2007, one dollar buys you 93 Canadian cents or 18.54 CZK. On 7 July 2007, five months ago, one dollar bought you 105 Canadian cents or 21.04 CZK; so 300,000CZK has never as little as $12000 this year. The least it's been this year is $13725, on 28 January; the most it's been is $16179, today. The last time it was $12000 was 10th November 2005.
[this is assuming that you can convert money without paying a premium; you're being charged about 1% for converting the money into CZKs, but I suspect you'd have been charged the same whatever the exchange rate]
The Czech Republic is not immune to the kind of trouble hitting America, though, since it doesn't host very many very large financial institutions, it's immune to the first-order effects of purely financial panic.
It has the same class of house-price trouble, though to a lesser extent; it's an EU member, which means that people from the EU can buy property there, and there's a certain kind of rich British person who believes that the intrinsic value of a house is at least $200,000 and therefore that he should devote most of his spare money to buying houses in Prague when the Czechs are selling them for $50,000; this means it's pretty hard for an average Czech to buy a house in Prague.
It has mining and manufacturing; being a former-communist country, it has salaries for doctors which are extremely low by American standards and not high by local standards - 'doctor' is a prestigious but poorly-paid public-service job, like 'teacher'.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeasmymeasure
no subject
There are analysts who think that America and Europe are doing the same sort of wrong things with a few years of separation between them, that doom has come due for America this year and will come for Europe in a couple of years, so now isn't far from as bad as it gets, but this is by no means universal.
On 1 January 2007, one dollar would buy you (http://www.oanda.com) 116 Canadian cents or 20.91 CZK.
On 7 November 2007, one dollar buys you 93 Canadian cents or 18.54 CZK. On 7 July 2007, five months ago, one dollar bought you 105 Canadian cents or 21.04 CZK; so 300,000CZK has never as little as $12000 this year. The least it's been this year is $13725, on 28 January; the most it's been is $16179, today. The last time it was $12000 was 10th November 2005.
[this is assuming that you can convert money without paying a premium; you're being charged about 1% for converting the money into CZKs, but I suspect you'd have been charged the same whatever the exchange rate]
The Czech Republic is not immune to the kind of trouble hitting America, though, since it doesn't host very many very large financial institutions, it's immune to the first-order effects of purely financial panic.
It has the same class of house-price trouble, though to a lesser extent; it's an EU member, which means that people from the EU can buy property there, and there's a certain kind of rich British person who believes that the intrinsic value of a house is at least $200,000 and therefore that he should devote most of his spare money to buying houses in Prague when the Czechs are selling them for $50,000; this means it's pretty hard for an average Czech to buy a house in Prague.
It has mining and manufacturing; being a former-communist country, it has salaries for doctors which are extremely low by American standards and not high by local standards - 'doctor' is a prestigious but poorly-paid public-service job, like 'teacher'.