Buy Euro or buy USDollars?
By pierone
@pierone (1894)
Italy
February 7, 2010 11:53pm CST
In the past week Euro currency literaly falled down. The exchange rate Euro/Usdollar gone from 1.44 to 1.36.
Wich is the best choice for your opinion, buy Euro waiting they raise back, or buy UsDollars wishing the Euro continue to fall down?
4 responses
@Torunn (8607)
• Norway
8 Feb 10
Hmm, I never think about the Euro/USdollar exchange rate, as I have to change to both from NOK, but the last years the Euro has been quite stable and quite high whereas the dollars has been much lower. If the euro's been artificially high, then it's not likely it'll raise that high again, but from me that's only guessing.
@pierone (1894)
• Italy
8 Feb 10
I guess Euro is falling down due the recent news about several Euro area countries economy, like Spain.
Due I'm in China now, and the chinese RMB have a fixed exchange rate with USDollar, the increased value of USdollar against the euro directly reflects on my life here. My savings are in Euro, and the more the US$ rise, the more poor I became here ;)
@pierone (1894)
• Italy
12 Feb 10
Yeah, usually the Euro became stronger after a while. But I'm a bit worried that this time things are different. Greek seems be near default, Spain for sure is not going so well, other Euroland countries aren't actually in what we could call "their best conditions"... So I'm worried this time the Euro could run around a 1 to 1 exchange rate with US$....
@Torunn (8607)
• Norway
8 Feb 10
A fixed exchange rate? Well, it simplifies things. Our currency (Norway) used to be tied to the pound I think, just as well it isn't anymore as the pound is quite low at the moment.
The euro usually get stronger after a while, so it depends a bit on when you'll need the money.
@de_toya (2429)
• Indonesia
8 Feb 10
Well, you play in Forex, don't you? I am interesting in Forex to but I don't know how to play. I think you should buy euro. When it fall dawn you buy them and wait till they raising back. You will get enough profit.
I want to play Forex but I am learning now. I know that Forex is the largest market in the world that's why I want invest in Forex too. I want join online Forex. Do you know about Robot Forex? Do you prefer play Forex by your self or using Robot Forex?
@pierone (1894)
• Italy
8 Feb 10
If you would like to start trading currencies in Forex market, I suggest you to open a trial account and "play" for a while without risk your money.
Once you will be experienced enough to try using real money, there are several forex sites where you can open a true account and start playing with just $10.
If I could give you a suggestion, I would say you avoid etoro. You can apply in etoro for a trial account, and you will see with your own eyes why I say avoid them;)
@moneymaker92 (394)
• United States
8 Feb 10
What exactly do you mean by "buy"? You don't really buy currency...atleast I don't, I just use whatever currency the country I live in uses. But either way, both of those currencies are much worse than they used to be...in my opinion, I would bet that the Chinese yuan will go up in the future if China's economy continues to grow as it has these past few years.
