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demiller1,

Thanks for the reply. As an investor wishing to follow the Fool's 'buy and hold' creed, (ie trading infrequently - hopefully only buying more of good companies, not selling!) would the considerations you pointed out justify the increased cost? I am aware of the potential effects of interest rate movements, but don't really expect them to make a huge dent in my invested funds. Potentially, I am going to invest on a regular basis, adding funds to existing positions and/or new ones. Effectively, this would have the same exchange rate effect as dollar-cost averaging - that is, by spacing out my investments, I am removing some of the day to day volatility.

I would be interested to hear other Fools' opinions as to the potential mid term (6-12 months) expectations of the exchange rate. My thoughts are that OS currency traders etc would be more likely to buy our currency when the Reserve Bank increases rates (thereby making our currency more attractive). I am expecting a rate rise (or two) in the next 6 months or so? Does anyone have any thoughts?
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