When should i trade in my euros for dollars?

Question

When should i trade in my euros for dollars?

Answer 1

Don't know when you got into the Euros, but my guess is you've had a pretty good run. My guess is that for the time being the dollar is about as low as it can go so it might be a good time to get in (and sell your Euros). However that doesn't take into account the possibility of an Obama presidency. His ideas on protectionism (abolishing NAFTA) and socialism (nationalizing the oil companies) could lead to a free fall in the dollar.

To inquire, yeah that's the point. Buy low, sell high. The dollar is low, and the Euro is high. The perfect time to switch them. Rational people buy things when they are on sale, like the dollar.

Answer 2

You want to turn in your euros for dollars when the value of the euro is high and the dollar is low. If you are in no urgent need of this money put it in a bank in Europe (or at least some of it). Not enough Americans diversify and consider foreign investments, but it would be a good idea to invest it in a bank or company outside of the U.S.

Good luck!