To the poster that was going long USD

**NumptyCorner** · 1 July 2005, 10:09

re

That was almost a year ago I think, and he bought at around 1.9 ish which means he's have made more had he stuck his money in the bank!

**TonyEnglish** · 1 July 2005, 10:27

Re: re

Doesn't seem very good to me.

If you had converting £100k when the exchange rate was 1.91 it would have given you $191,000. With the exchange rate at 1.78, that converts to £107,303.37. Obvioulsy you would earn some interest on the money while it is sat about waiting for the rates to drop.

A better bet would have been to put your $191,000 into property over there and cash in on the housing boom and then take advantage of the exchange rates when converting back.

**trajectory** · 1 July 2005, 10:31

Re: re

It wasn't a year ago - more like 3 months. He probably made money if he didn't bail out too soon.

I thought it was a good idea at the time but didn't put my money where my mouth was.

To the poster that was going long USD