Should I convert my money to RMB now, or wait?

Question

I'm going to China in about seven months, and the currency conversion factor is 1 yuan = .146 dollars, or 1 dollar = 6.843 yuan. I'm basically wondering whether it would be more beneficial to sit tight and wait until closer to my trip, allowing the money i'm going to convert to sit in a bank account and gain interest, or should I trust that the dollar is going to depreciate enough that the interest I make won't pay for it, in which case I should just go ahead and convert now.

Thanks!

Answer 1

It's possible the dollar has leveled out and won't depreciate much/any more, in *general* terms, but the yuan will probably rise against all currencies, which ends up being about the same in your scenario.

I doubt that it'll make much difference to you in either choice you make.