Friday, February 27, 2009

Dollar vs kronor

The Swedish currency krona just hit 9 kronor to 1 dollar. That's the highest in years. This summer it was occasionally below 6.

That's a major difference.

Since I work for a Swedish company - I get paid in kronor. That was great last summer. Not so much now. The difference on a monthly basis is HUGE. It's about 1/3 less compared to just 8 months ago. Right now I sure wish I was getting paid in dollars... not necessarily because it happens to be better right now, but I don't like having my monthly income being so affected by currency exchange rates.

For other Swedish aliens here - getting paid in and having dollars - it sure will be a more fun summer to go back to Sweden compared to last year.

The Swedish newspaper Dagens Nyheter just published a series or articles in relation to the "fall of the krona".

5 comments:

klaz said...

Finally someone who knows my pain. Try doing this kronfall crap with a family and contractual obligations! I hate vetenskapsradet for giving me money when I could have earned 100 000 kr more getting paid in dollars........ AAAAAAAAAAAAAAAAARGH

JaCal said...

Klaz - it sure is tricky when your personal income suddenly is directly effected by exchange rates... In my case there really isn't much to do - I just have to live with it and hope it won't go lower... ;-(

Sporty Spice said...

Jag sitter i samma sits. Inte alls roligt, särskilt med tanke på att jag har en stor klumpsumma i Sverige som ska gå till våran Wedding Fund. Just nu är det ju ingen idé att ens tänka tanken att göra en transaktion.

JaCal said...

Sporty Spice- ugh vilken trist situation... det värsta är att jag tror vi får förbereda oss på att kursen blir ännu sämre... ;-( Jag har just uppdaterat min budget med scenariot att kursen går upp till 11 och 12 kronor som den var för ett par år sen...

Mattias said...

Ha! Jag var vid UC Santa Barbara 2000-2001 pa svenskt stipendium. Vi var fattiga som kyrkraattor. Tack och lov arrangerade min amerikanske professor en liten loen aat mig, annars hade det blivit ris och boenor, bara.... Vi hade 20 dollar pa vart bankkonto ett tag (och daa faar man en straffavgift!)
Och : daa var dollarn i 11 kronor. Det ni!

Mvh
Mattias