DOES anyone know if trading my us bills for euros now will make profit?

[EnJoi]

if i go to the place 2 trade (I KNOW THERES A FEE) for euros ( SINCE THE RATE IS SOOOOOOOOO LOOOOW) and come back wayyy later will i mkae $$$$$?

[bujub22]

im doughting you even come back with a profit

[Biggles]

This may sound old fashioned .... but as a rule it is best to buy cheap and sell high if you want to make a profit.





So why would you buy Euros when they are at an all time high against the dollar? If you have definite knowledge that the dollar is going to sink a lot further then by all means go ahead - but I suspect you're about 9 months too late to speculate on this particular currency swop.

[Keikan]

hmm if i trade my cnd to usd will i make a profit?

[Mad Cat]

I've made about 40% on my euros since 2000.

Its like working the stock market, nobody knows. Its gambling really, nothing else.

[Keikan]

ok let me get this straight lets say i trade 10cad to euros wait for it to get higher(?) and then convert it back to cad or maybe use usd?

when i convert it i get euro paper money right?

[Keikan]

bump

[TheDave]

This may sound old fashioned .... but as a rule it is best to buy cheap and sell high if you want to make a profit.





So why would you buy Euros when they are at an all time high against the dollar? If you have definite knowledge that the dollar is going to sink a lot further then by all means go ahead - but I suspect you're about 9 months too late to speculate on this particular currency swop.

^^^^what he said

[TheDave]

so if i put all my money into dollars now and get it all back in a year i could make a profit?

[Spider_dude]

yeah but the profit will be minimal if at all, as travel agents etc buy back at a different price they sell at. it would be a good idea if you plan to go to america in say the next 3 years to invest now, but then who is to say the exchange rate wont go lower?