bazzabaker71
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HI
I have 300,000 euro that i wanted to spread about, and perhaps make some extra at the same time.
I was thinking of transfering 100,000 into USD and then 100,000 into GBP, leaving 100,000 in euros
My thinking was that if a rate changed then to move the money around and try to take advantage of this, i.e. the euro is 1.3 against the dollar, convert this then change back if and when the rate changes.
Is there advice anyone can give in doing this ? or anything to avoid ?
Many Thanks
I have 300,000 euro that i wanted to spread about, and perhaps make some extra at the same time.
I was thinking of transfering 100,000 into USD and then 100,000 into GBP, leaving 100,000 in euros
My thinking was that if a rate changed then to move the money around and try to take advantage of this, i.e. the euro is 1.3 against the dollar, convert this then change back if and when the rate changes.
Is there advice anyone can give in doing this ? or anything to avoid ?
Many Thanks