Do you think US$ will go up again?

  1. Damodar Bashyal profile image69
    Damodar Bashyalposted 5 years ago

    Do you think US$ will go up again?

    my dad gave me 1k US$ and I want to exchange to AUD$ but it's declining day by day and I am waiting for it to go up. Do you think it will ever go up or am I just dreaming and making loss by not exchanging it in time? It's so hard to predict this financial stuffs :-(

  2. Richard Perazzo profile image79
    Richard Perazzoposted 5 years ago

    Yes, of course it will go up but the real question is how long will it take before it actually does go up. Like you said, its hard to predict, so it could take a year or 2 or 10 years before the dollar begins to rise in value again.

  3. Mr Tindle profile image79
    Mr Tindleposted 5 years ago

    Currency markets are always fluctuating, but I think the trend for the US$ is likely to remain in a downward trend over the next couple of years.