Okay so look, i got a couple of euros and pounds (british) saved up, about 700 dollars worth, and im expecting to get more over the next couple of weeks. So my question is, do you think i should exchange them now, or should i wait a little longer due to the fall of the dollar?
Right now it looks like this..
1 Euro = 1.4286 U.S. dollars
1 British pound = 2.0467 U.S. dollars
Will the exchange rate increase, or decrease over the next couple of months?
2007-10-21 15:32:45 · 1 answers · asked by Spoken_Truth 3 in Business & Finance ➔ Other - Business & Finance
Based on what I'm reading, the Fed is probably going to cut interest rates another .25% at their next meeting on Oct. 30-31. If that happens, the effect will be that the dollar will weaken further still.
Also, if you wait and exchange everything at once, you will save money on commissions.
2007-10-21 16:33:55 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋