Should I trade my declining Thai baht currency to USD now?
November 22nd, 2009
Neolithisistic asked:
Over the last couple of years the Thai baht has been gaining on the dollar. However, as of recent (and probably due to Wall Street), the Thai baht has decreased in strength. Would it be wisest to convert the THB to dollars now, rather than nine months from now? (I’ll be moving back to the States within nine months and had planned on holding onto the Thai currency until the last minute.) Your time is much appreciated.
MOTES
Over the last couple of years the Thai baht has been gaining on the dollar. However, as of recent (and probably due to Wall Street), the Thai baht has decreased in strength. Would it be wisest to convert the THB to dollars now, rather than nine months from now? (I’ll be moving back to the States within nine months and had planned on holding onto the Thai currency until the last minute.) Your time is much appreciated.
MOTES
The usd doesnt have too much of rosy outlook to hedge do want to be honest so wouldnt bother myself if you do it on forward swap contract.