because the us dollar is going down and the uae dirham is pegged to the dollar but in december there might be a chance that uae will not attach itself to the us dollar hence making my switch from us dollar to dirham less profit
2007-11-19 19:35:18 · 4 answers · asked by ayahbliss 1 in Business & Finance ➔ Other - Business & Finance
We can't preditct the trend of USD now adays . always the value is going down. But GCC countries are going to stand in their own currency, which will help you to gain. But for the time being we can't say anything. Just watch the USD trand for some more days.
My opinion is to keep the USD as it is.
2007-11-19 19:54:36 · answer #1 · answered by Marlon L 1 · 0⤊ 0⤋
Whatever you do is a gamble... but I feel you are probably more likely to gain by making the change now.
If you are having doubts...convert half of the money...that way you cover yourself from being 100% wrong !
2007-11-20 04:10:42 · answer #2 · answered by TONY F 2 · 0⤊ 0⤋
Here are some figures that might help you decide. Figures are approximate.
As of Nov 20, 2007,
1 dirham = $0.27US
$1.00US = 3.67 dirham
1 dirham = 0.18 euro
1 euro = 5.40 dirham
$1.00US = 0.68 euro
1.00 euro = $1.47US
2007-11-20 03:49:41 · answer #3 · answered by Richard B 7 · 0⤊ 0⤋
Convert them yaar.
I don't Find US$ as a good currency to keep it any more.
And as you know there will be some change in dec.
so why you are waiting for loss to happen.
just go and convert them now.
2007-11-20 05:00:07 · answer #4 · answered by dhiraj 2 · 0⤊ 0⤋