dag wrote :
dadpad, my mother gave me the money, so of course she will care that its relative value fell by half. If the money stayed in Slovakia, I'd have let's say, 900,000 SK (too lazy to do real math). But if I were to convert it now to SK, it would be 450,000 SK.... With the first sum, I can nearly buy an apartment. With the second, I can not. So, of course she cares, and saying that I made some profit in the dollars account will not quite slice the fact that if the money wasn't transferred in the first place I'd have twice as much. It happened, it had to, nothing we can do about thtat, but that doesn't mean we can erase this little tidbit from our consciousness.
you simply waste your time (and emotions) if you pay much attention to the past ... "would could i have done ? " ... "what should i have done ? ....
far better to look at your current AND FUTURE situations , and make a decision based on that (and NOT the past - because you simply cannot do anything about it ) .
if you are involved in an accident , your first concern must be the present and furture : get the wound bandaged , find out what the physician suggests to speed up healing and follow up .
(later you may want to think about how to avoid a similar accident - but not now ! ) .
the same should apply to your money . if your first concern is to avoid any further immediate reduction of your capital (in slovak crowns) , you should convert back to SC now (or whatever other currency you will need) and swallow the loss - be done with it - but please DO NOT LOOK BACK or you might drive yourself around the bend .
if you feel that you CANNOT now swallow the loss of the conversion : keep the U.S. dollar account - particularly if you owe some money in the U.S. now or expect further expenditures , use your U.S. dollars for that .
are you ever planning to come back to the U.S. and might need the U.S. dollar account ?
if you really can't make up your mind : SPLIT THE DIFFERENCE !
it is likely :wink: that one of the two currencies will come out ahead in a few years and you can tell yourself how smart you were to have made the decision - you'll come out a winner no matter what (as long as you can forget about the other half
it's like looking at my investments : i can go crazy telling myself "if only" from here to doomsday - it's not going to change a thing !
but i can use "the wisdom aquired" (
) when making future decisions .
see how easy it is (when it's not my own money !) .
do make sure you and your mother don't get into a tizzy over this -
ain't worth it (far better to admit you made a mistake , will do better next time ... whatever needs to be said ) .
take care and good luck !