USD to GBP/Euro - Would you do that?

These days when the Dollar going down, would u turn your back to it and convert it to GBP or Euro?

 

Converting Betwenn $ GBP and EURO is a dangerous game i never do it

 

I used to buy DVDs from China, sell them in the UK and I live in America. I did it all through paypal. I converted alot of currency between those various transactions just to get my money back in dollars. I never had a problem.

Then I found out the DVDs were copies and I stopped that junk!

I wouldnt be afraid of converting the currency, though.

 

Long time would be a smart move. How about changing to CNY. How much money we talking about?

 

We have a lot of money stuck in dollars as at the moment it just isnt worth our while converting it to GBP

 

Im in the same situation mate, Ive got a contract where I earn a five figure DOLLAR sum per month which runs until July.... so Ive put a LOT of thought into this.

I think the dollar IS going to sink further, and probably wont return for 12-18 months, but I have made provisions to keep most of the dollars Im receiving in a high interest citibank account for 2 years, hopefully by that point it will have recovered somewhat, but it is an expensive gamble.

It boils down to whether you might need to break into the dollar savings within a year or two, as for me, Im going to try and ride it out.