Question for the economic types

[DodgyAgent]

If I start a contract in Denmark in February and must choose now between payment in Euros or Danish Kroner, what do you advise?

What a coincidence! I am just negotiating a rate for a contractor to work in Copenhagen as I write - he is Dutch.
As for your question I would suggest kroners though I am having to deal in euros

[BrilloPad]

Swiss Francs.

[Mich the Tester]

What a coincidence! I am just negotiating a rate for a contractor to work in Copenhagen as I write - he is Dutch.
As for your question I would suggest kroners though I am having to deal in euros

Yep, leaning toward Kroner myself. Suggesting the agent does the same.
PS, why are they wanting to pay you Euros? Surely you can set up a local bank account and get paid in local currency?

[Mich the Tester]

Swiss Francs.

If only this luxury option was available.

[DodgyAgent]

My house and woman are in Euroland, but client will be in Denmark and I'll be sleeping with Miss Denmark during the week.

Miss Denmark Prepares For Miss Universe 2011 - YouTube

[sasguru]

Scenario 1: the PIIGS fall out of the Euro, Euro strengthens
Scenario 2: the Euro continues its crisis-ridden state, Euro declines but very long term
Scenario 3: Euro falls apart completely

1 and 2 are more likely.

Hedge your bets is what I would do: Create a Euro account in Germany and stash half your funds there, the rest in Kroner.
If 3 occurs, your Euro account in Germany will become a Deutche Mark account, I'm guessing

[Mich the Tester]

Scenario 1: the PIIGS fall out of the Euro, Euro strengthens
Scenario 2: the Euro continues its crisis-ridden state, Euro declines but very long term
Scenario 3: Euro falls apart completely

1 and 2 are more likely.

Hedge your bets is what I would do: Create a Euro account in Germany and stash half your funds there, the rest in Kroner.
If 3 occurs, your Euro account in Germany will become a Deutche Mark account, I'm guessing

Wow, sensible stuff for once. I guess I can also just use the ATM each week in Baconland and stick a load of kroner in a local account each week, then hope the collapse doesn't happen. Already have German account.

[eek]

Scenario 1: the PIIGS fall out of the Euro, Euro strengthens
Scenario 2: the Euro continues its crisis-ridden state, Euro declines but very long term
Scenario 3: Euro falls apart completely

1 and 2 are more likely.

Hedge your bets is what I would do: Create a Euro account in Germany and stash half your funds there, the rest in Kroner.
If 3 occurs, your Euro account in Germany will become a Deutche Mark account, I'm guessing

+1

although I'm concerned of Scenario 4

Germany realise the best thing to do is to get out of the euro and leaves everyone else to it. But as you say you can offset that by keeping your euro account in a German bank (probably attached to a german forwarding address for safe measure).

[DimPrawn]

Scenario 5. All of Europe join the pound and all us sensible people earning pounds become staggeringly rich and attractive to Euro ladies.

[Mich the Tester]

So hedging by converting 50% to euros in a german bank, and keeping 50% in kroner in danish bank.

Might be sensible regardless of what happens to stick more in the German account.