Neeranam Posted July 19, 2005 Share Posted July 19, 2005 I have about 1500 Us dollars, not much for some, but a lot for me. I have had them for a couple of years. Should I cash them for baht now? I am going to Oz for a few days next month, should I change them there for the OZ dollar? I know bugger all about financial things. Will there be any significant change in the next couple of months? I know you never really know, but what do the "bread heads" think? Cheers NN Link to comment Share on other sites More sharing options...
BambinA Posted July 19, 2005 Share Posted July 19, 2005 If i was you I would keep $ for next few months, i think it still be strong in this stituation you siad you will go to Aus in next couple months ..so just dont change USD to Baht now..coz you will lost some from transfer USD>BHT>AUS$ and i think its not necessory to change USD toAus$ for now too keep USD ,is my opinion (maybe im wrong) Regards Bambi Link to comment Share on other sites More sharing options...
~G~ Posted July 19, 2005 Share Posted July 19, 2005 You want to ask the "experts"? The answer depends on which "expert" you ask!! Many people posting here are trading currencies for years, still you will find that almost every view is represented! No school solution - and no consensus to rely on. Link to comment Share on other sites More sharing options...
britmaveric Posted July 19, 2005 Share Posted July 19, 2005 Aussie dollars are hmmmmm Shi*e - keep em yank currency. Link to comment Share on other sites More sharing options...
Harmonica Posted July 19, 2005 Share Posted July 19, 2005 I have about 1500 Us dollars, not much for some, but a lot for me. I have had them for a couple of years. Should I cash them for baht now? I am going to Oz for a few days next month, should I change them there for the OZ dollar? I know bugger all about financial things.Will there be any significant change in the next couple of months? I know you never really know, but what do the "bread heads" think? Cheers NN It is very bad karma for a Brit to hold American Dollars -- Singapore $ seems not to hold such a bias. Link to comment Share on other sites More sharing options...
Firefan Posted July 19, 2005 Share Posted July 19, 2005 My belief is that speculating in currencies is a losers game. Meanwhile to avoid regret I might change half of it now (to THB) and half of it when back - that way at least you have "hedged". Cheers! Link to comment Share on other sites More sharing options...
Harmonica Posted July 20, 2005 Share Posted July 20, 2005 I have about 1500 Us dollars, not much for some, but a lot for me. I have had them for a couple of years. Should I cash them for baht now? I am going to Oz for a few days next month, should I change them there for the OZ dollar? I know bugger all about financial things.Will there be any significant change in the next couple of months? I know you never really know, but what do the "bread heads" think? Cheers NN Give the $1,500 to a bargirl for future services -- negotiate a 45 Baht to the dollar exchange rate before forking over the money. I can assure you she will have no hesitation agreeing to your deal. You might even get 48 from her, but a little compassion is the way to go. You will have beaten all of us slowpokes who are currently struggling to get around 42 Baht to the dollar from local banks. Link to comment Share on other sites More sharing options...
loong Posted July 20, 2005 Share Posted July 20, 2005 If you are happy with the rate then I would change them now. Nobody has a crystal ball and so nobody knows for sure. It is not a case of the dollar strengthening against the baht, but more or less all currencies weakening against the dollar. The dollar is a currency with no foundation, there are not the gold reserves as in other countries. Personally, I believe that the $ is overvalued and could ( and should) easily tumble again. But as I said, nobody can see into the future Link to comment Share on other sites More sharing options...
h90 Posted July 20, 2005 Share Posted July 20, 2005 I move my money out of the Thai Baht at the moment, I worry that the Thai Baht might fall in the near future. Also I don't trust the US$ very much, but if the Thai Baht falls it might falls very deep, while I don't think that the US$ can fall depper than 20 % in compare to the Euro. I would either keep the US$ (anyway on every change you loose) or split it in half euro, half usd. just my idea, I have simillar problems and don't know what to do, just I am sure I don't want Thai Baht. I have about 1500 Us dollars, not much for some, but a lot for me. I have had them for a couple of years. Should I cash them for baht now? I am going to Oz for a few days next month, should I change them there for the OZ dollar? I know bugger all about financial things.Will there be any significant change in the next couple of months? I know you never really know, but what do the "bread heads" think? Cheers NN <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
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