The Falling Dollar

Since we've been in Prague, we have become members of a wonderful church community. Our tiny church, Faith Community, was started by a team of missionaries lead by our friends Phil and Shanna Davis. They came to Prague in 2005 from Charlotte, North Carolina. Recently, the Charlotte Observer did a story on the Davis family and other missionaries' economic situations, highlighting the falling (or should I say tanking) US dollar. It is in an interesting perspective on the effects of the weakened dollar on expats living abroad. Since we moved to Prague, the dollar has fallen from over 18 Czech korun to somewhere just above 15 (no, we're not on the Euro, yet). In 1998 and 1999 when Phil and I visited Prague, it was around 35 korun to the dollar. Yikes.

You should be able to read the story about the Davis family in the Charlotte Observer, but the link may have expired recently. Funny enough, the photos that ran with the story also included photos of Phil;) A group of guys from church were out at a local hospoda (pub) with our pastor, Phil; apparently, the photo of the two Phils made it onto the front page of the Business section of the newspaper!