fxh
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- Jan 9, 2010
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The conservative thing to do is buy USA$ now and lock in your rate. Perhaps wait a week or so. It could go up or down 5% -10% but certainty is worth something. Or the other conservative thing to do is split and buy half your USA $ now and wait until late to buy the rest. That way you only get half any improvement but you also only lose half any slippage.
Depends how much you are taking, 10% of SFA isn't much to win or lose.
Otoh , any USA $ you buy now won't pay interest but you might get 5%
-6% on aud$ for 3 months here. So it might be best to take a term for 3 months here and buy USA later.
As I said before depends how much , then again if It's enough to really worry about the fx rate then you probably have enough money not to have to worry about the rate.
So . is there any accepted general consensus for the AUD/US Rate in the next 3 months assuming no new major suprises?
(Im heading to LA, San Fran, Vegas for honeymoon in Nov and want to plan when to change my currency)
The conservative thing to do is buy USA$ now and lock in your rate. Perhaps wait a week or so. It could go up or down 5% -10% but certainty is worth something. Or the other conservative thing to do is split and buy half your USA $ now and wait until late to buy the rest. That way you only get half any improvement but you also only lose half any slippage.
Depends how much you are taking, 10% of SFA isn't much to win or lose.
Otoh , any USA $ you buy now won't pay interest but you might get 5%
-6% on aud$ for 3 months here. So it might be best to take a term for 3 months here and buy USA later.
As I said before depends how much , then again if It's enough to really worry about the fx rate then you probably have enough money not to have to worry about the rate.
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