Jump to content

Foreign Exchange


Recommended Posts

I was having a conversation with a mate about buying a selling foreign currency. This came about because the Aussie dollar and the U.S dollar are now equal. He was saying that we should buy a crap load of U.S dollar now and sell it when the Aussie dollar crashes against the U.S dollar. However, I was always under the assumption that it was the other way around (buy when the Aussie dollar is low to the U.S dollar, e.g. $1AUD buys $0.60USD and then sell when its rises).Can anyone confirm which is true. Please keep in mind that we were talking about buying actual physical money from a bank or an exchange and not using a forex account.Thanks in advance

Link to post
Share on other sites

the question you are asking entails either algebra or knowing stuff that is not knowable.thank god you didn't ask a question about euros or pounds though. F THAT INDIRECT NONSENSE.

Link to post
Share on other sites
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...