The economy STINKS in central Europe just as much as it does here. All of the CE currencies are plummeting. My advice? Buy! There is no way that, the forint will stay this cheap! Historically speaking the forint has been as cheap as 290 forints for a US dollar back in the early 2000s, but that was back in the stone age. We have hit a new era, and I, as an expert in economics (I wish), would be very surprised to see it go above 250. What does this mean? You buy 2000 dollars worth forints, you will ideally get 465 000 forints... You wait 1 year for the forint to gain back it's "natural"~195 value and you cash in! You return around 2400 dollars and profit a quick 400 dollars! A quick 20% increase in your money in just one year! Not bad...Except I forgot to mention that we don't live in an ideal world. Even IF the forint gains its value back and hits 195 from its current 232, you will only be able to buy at the "buy value" which will be about 10 forints lower than the current 232, 222. You will also only be able to sell at the sell value, which'll be 10 forints higher than 195, 205... Oh , and I forgot about commission in both transfers, which is at about 2%. So I'll do the math so you don't have to.. ::COUNTS IN HEAD!:: now you've gained 80 bucks in a year... Oups.. I forgot to account for inflation....Even during these horrible economic times, they are at about 2.5% a year.. So in real value you've only gained 30 bucks.. Plus you probably had to drive to the bank and back, which with gas consumption will take off another 5 bucks; pay a bank fee at the American bank of 10 dollars per exchange... So now we are at what, 5 dollars? You've probably put in about 30 minutes of work and 15 minutes figuring this out, meaning that's another 5 dollars minimum wage. You've come out even! WOW, my advice, BUY FORINTS! It serves you better than any other stock!
