HOw do you know when schange rates are going up or down?
17 January 2006, 11:05 AM
#1
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How do you know when exchange rates are going up or down?
I often have to buy US$ to buy stock, is there a website somewhere that gives predictions of its value in going up or down?
If the rate goes from $1.73 to $1.74 I could lose or gain around £100 to £200 a time. It would be much better if I gained it!
Anyone have any tips?
If the rate goes from $1.73 to $1.74 I could lose or gain around £100 to £200 a time. It would be much better if I gained it!
Anyone have any tips?
Last edited by Scooby Soon!; 17 January 2006 at 11:29 AM.
17 January 2006, 03:03 PM
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The exchange rates are influenced by lots of different factors, from interest rates, debt, tourist activity, import and export levels, etc etc.... There are many places where you can see what news affected rates in what way with historical charts and therefore predict how rates will move with current issues. Try google. Or I'm sure there are plenty of books on the subject.
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