Just heard about the good exchange rate with 1 = $1.99. Is it worth buying a load of dollars (e.g. at the Foreign Exchange counter at the Post Office) with a view to selling them back as "surplus" later when the dollar recovers in value? or is there some reason I can't / shouldn't do this? thanks for any advice
is buying dollars a good idea?
Apr 17, 2007
1 Replies
All high street currency exchanges give crap rates (spread + commission). See list of currency brokers
There isn't much money to be made in currency trading imo.
If you need dollars for travel/purchases, and it's not an investment, then it may make sense to buy early/more than required if you believe that the exchange rate will be worse at the time the funds are actually required.
Daytona
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