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Buy $'s Now or Not ?
Debby_Turner
Posts: 1 Newbie
Is it best to buy dollars now as they are low ?
I am getting myself confused. I think I should buy them now in my head as I am paying less for the dollar at the moment as its low ? or is that wrong ?
Can you help make me understand!
Or do I wait for them to go up again?
Thanks
Debby
I am getting myself confused. I think I should buy them now in my head as I am paying less for the dollar at the moment as its low ? or is that wrong ?
Can you help make me understand!
Or do I wait for them to go up again?
Thanks
Debby
0
Comments
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What do you want to do with your dollars? If you are planning a holiday in Cambodia, you can also use Reel there.0
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Your pound buys fewer dollars when the £ is low.Debby_Turner wrote: »Is it best to buy dollars now as they are low ?
Wrong. Unless the £ gets even weaker. And who knows if it will or it won't?I am getting myself confused. I think I should buy them now in my head as I am paying less for the dollar at the moment as its low ? or is that wrong ?
What if it continues to decline.Or do I wait for them to go up again?
May: £1 buys $1.40. £100 buys $140.
Nov: £1 buys $1.25. £100 buys $125.
The November rate gives you less buying power in the USA than the May rate.0
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