Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Currency speculation?
What are the problems with currency speculation?
Example: If today I have 1000 euro and I buy the equivalent of dollars with it. Then tomorrow the dollar gains against the Euro and I buy back my euros and the value is 1100 euro, what should I consider apart from the 100 profit. What problems are there with this idea?
If I held on to the money and only converted back to EUR when the exchange rate was right then it is risk free (if I don't mind waiting up to 6 months even).
2 Answers
- 1 decade agoFavorite Answer
The dollar might become worth less instead of more, obviously.
It's a gamble, basically. You may very well lose huge amounts of money.
Edit: lol@ the bots
- seabergLv 45 years ago
by way of fact the previous poster suggested, the three.2 trillion is the quantity traded no longer revenue. however the main impressive person could make a lot of money. Georgo Soros revamped $a million billion earnings in one day. The question is are you that form of person?
