I am moving to the Czech Republic in a month. Obviously, all of my assets are currently held in USD. It seems that the exchange rates are continuing to get worse for the dollar, thereby making my funds less valuable in a foreign country.
So the question is, Should I convert all of my money into the Czech Koruna (Czech Republic has not yet converted their currency to the Euro, although the Euro is accepted in some locations there)?
Or should I convert it to Euros, just to move it into a currency that doesn't seem to be on the decline, since the Koruna is a little more volatile as the Czech economy is still emerging from the dark ages?
Option #3 is to just leave things the way they are and expect the dollar to rebound (doesn't seem likely to me)?
If I do convert my funds, is there a way I can do this without simply cashing out my accounts and having to travel with a shitload of money? Thanks in advance for your assistance.
So the question is, Should I convert all of my money into the Czech Koruna (Czech Republic has not yet converted their currency to the Euro, although the Euro is accepted in some locations there)?
Or should I convert it to Euros, just to move it into a currency that doesn't seem to be on the decline, since the Koruna is a little more volatile as the Czech economy is still emerging from the dark ages?
Option #3 is to just leave things the way they are and expect the dollar to rebound (doesn't seem likely to me)?
If I do convert my funds, is there a way I can do this without simply cashing out my accounts and having to travel with a shitload of money? Thanks in advance for your assistance.
