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HKD/GBP exchange rate...

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  1. #11

    Join Date
    Dec 2002
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    My opinion - the exchange rate does not matter if you have good use for the cash.

    If you have a good and well researched investment waiting for the cash - no point f'ing around waiting for a good exchange rate. You're losing 2-5% a year, depending on what your investment profile is, by keeping it lying around anyways...

    If you don't have any identified opportunity ... let the cash sit around and it might go up or down or nowhere, or move a percentage every month.

    Just like the price of some stock, you could be waiting for a long time to find the right price...

    GentleGeorge likes this.

  2. #12

    Join Date
    Dec 2009
    Posts
    214

    There's some mental accounting going on too, depending on when we anchor to. Sure HKD buys you less GBP than say a month ago, but compared a longer history, GBP is definitely in the weak side of it's track record... maybe that softens the blow of just dumping it in.

    shri likes this.

  3. #13

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    4,138

    FX are relative.. if you have very strong basis that HKD should strengthen and GBP should weaken, then yes by all means wait that 6 months. but like mentioned, bear in mind GBP can weaken further once the US election is over... who knows what will happen then with an unpredictable economy and unpredictable politician + Fed...


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