exchange rate advice

[jacksam]

Is the following a dumb idea. Recently came into 100k aud. Don't really need access to it. Would it be sensible to exchange to USD. Predictions are in future aud may drop to .65 USD or lower. Conversely the USD is predicted to rise to 38 baht. I live in thailand.

I have plenty of super and aware of other options investment wise. This is about exchange rates.

Thank you for any advice.

[topt]

Sorry but whose predictions?

With the current uncertainty over future US interest rate rises it is anybody's guess what will happen. If the aud is expected to drop further against the baht then maybe better changing to baht especially if that is the currency you are living off.

At least in aud I think you can still get some reasonable interest rates but not so in usd.

[jacksam]

Sorry but whose predictions?

With the current uncertainty over future US interest rate rises it is anybody's guess what will happen. If the aud is expected to drop further against the baht then maybe better changing to baht especially if that is the currency you are living off.

At least in aud I think you can still get some reasonable interest rates but not so in usd.

yes no one can predict future markets, however what I outlined is not my suggestions but rather a commonly held view. In particular Australia has problems facing it with its need to shift from commodities. Historically aud has been .65 some suggest it may drop lower. I also agree with majority view that USD may return to perhaps 38 baht.

[Pib]

I've given up on currency predictions....even the so called experts get it wrong half the time.

[Paul944]

The exchange rates can not be predicted in long term. Every time you exchange you pay a commission. Keeping money in a valuta you do not intend to use is just gambling. I would keep the money in the current valuta or change it to the valuta you want to spend it in.

If you want to gamble buy roebels. I predict roebels will go up in long term.

[jacksam]

Fun post. Starts with "exchange rates cannot be predicted long term"

Ends with a long term prediction

[Pinot]

Currency predictions are built into the current exchange rate. If anybody actually new where the different currencies were going the forex people would be all over it.

I'm an American and it looks like the baht is going up against the USD.

You could spread it around in different currencies to hedge.

I wouldn't bother or maybe bring in some AUD to stash it in baht. Interest rate is around 2.5% if you shop around.