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Foreign Exchange

Started by dluzion, Oct 16 2010 06:13 PM

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11 replies to this topic

#1 dluzion

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Posted 16 October 2010 - 06:13 PM

I was having a conversation with a mate about buying a selling foreign currency. This came about because the Aussie dollar and the U.S dollar are now equal. He was saying that we should buy a crap load of U.S dollar now and sell it when the Aussie dollar crashes against the U.S dollar. However, I was always under the assumption that it was the other way around (buy when the Aussie dollar is low to the U.S dollar, e.g. $1AUD buys $0.60USD and then sell when its rises).

Can anyone confirm which is true. Please keep in mind that we were talking about buying actual physical money from a bank or an exchange and not using a forex account.

Thanks in advance

#2 strategy

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Posted 16 October 2010 - 07:04 PM

the question you are asking entails either algebra or knowing stuff that is not knowable.

thank god you didn't ask a question about euros or pounds though. F THAT INDIRECT NONSENSE.

QUOTE (ShakeZuma @ Wednesday, November 2nd, 2011, 4:25 AM) <{POST_SNAPBACK}>

seriously though, with that grammar it's really like, I mean it doesn't bother me as much that she gets beat, you know?

#3 chrozzo

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Posted 16 October 2010 - 10:02 PM

i got your Aussie dollar right here!

FCP CBO: Chief Beer Officer

I'm kind of a big deal.

#4 chrozzo

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Posted 16 October 2010 - 10:03 PM

QUOTE (chrozzo @ Sunday, October 17th, 2010, 2:02 AM) <{POST_SNAPBACK}>

i got your Aussie dollar right here!

(points to my penis)

FCP CBO: Chief Beer Officer

I'm kind of a big deal.

#5 mk

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Posted 19 October 2010 - 05:39 AM

aud is rich to usd right now

#6 dapokerbum

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Posted 21 October 2010 - 01:10 PM

Krugerrand

There was madness in any direction, at any hour…You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning…. And that, I think, was the handle-that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting-on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave….So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark-that place where the wave finally broke and rolled back.