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Roulette787

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ForEx question
October 05, 2008, 05:24:27 PM
I need to send some money to a friend in US from Australia. (about AUD 6,000)


The exchange rate is the lowest since 2007 now. (AUD to USD)  :-[
Will it continue to fall during this/next week?

Or is it better to send it now anyway?



Cheers,
R787.




Proofreaders2000

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Re: ForEx question
November 09, 2008, 10:38:41 PM
Send it now, currentky the US debt is hurting the value of the dollar.  Unless there is a something that happens in the upcoming weeks from the U.S. government that signals to investors that U.S. economy is on the mend, waiting may cost you by the day.