The Motley Fool Discussion Boards
International Investing / Foreign Currency
|Subject: Poll: Euro vs. $||Date: 7/30/2010 1:12 PM|
|Author: Ingo64||Number: 38 of 38|
I'm in a situation where I've inherited some money in Euros, but I live in the US and ultimately want to convert them to US$. With the current exchange rate being pretty low, I'm not sure that converting it right now is the right choice. I'm not in a tremendous hurry. I see at least 3 choices:
1. Convert it all now
2. Wait and hope for the exchange rate to improve.
3. Convert a fraction, say 10%, over 10 months to average out the overall rate.
What would you do? Anyone have alternative ideas?
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