Warning:  If you are not interested in finances this post may be confusing or extremely boring.    The short version is that our budget stretches further than it did a week ago.

Since coming to Uruguay in April of 2008 we have seen the uruguayan peso gain in strength against the free falling dollar.  When we first came our budget was set on a currency exchange of 24 uruguayan pesos to 1 US dollar.  Like most missionaries around the world we have been tightening our belts as our purchasing power in pesos has been cut.

Recently the missionaries in Europe saw some relief as the dollar gained in strength versus the euro.

That was not true for us.  The dollar has remained low against the peso.

However, this past Monday I opened up an article to find some much welcomed news.  The Uruguayan government has decided to start acquiring large amounts of dollars to once again strengthen the dollar against the Uruguayan peso.  Since Monday we have seen the peso increase from 19.15 to 20 pesos per dollar!  This is a huge jump.  To give you an idea this is the equivalent of having gained one supporting church in the past week.

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