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To the poster that was going long USD

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    To the poster that was going long USD

    a few months ago, when everyone else told him he was nuts:

    well done!

    #2
    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!

    Comment


      #3
      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.

      Comment


        #4
        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.

        Comment

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