The financial crisis in Eastern Europe has caused the Polish Zloty, the Czech Koruna and the Hungarian Forint to lose close to 50% of their value against the US dollar. Everbank's "European Opportunity CD" is made up of these three currencies. Likewise, $10,000 invested in an Everbank Mexican Peso certificate of deposit in August, 2008, is now worth about $6500.
Meanwhile the Icelandic Krona continues to stabilize, and has appreciated about 12% against the US dollar since the beginning of the year.
Sunday, March 1, 2009
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