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Originally Posted by gazuz
Hello everyone,
I just sold a house in europe and knwoing the foreign exchange rates I know that a different of a penny will make a huge difference in how much money I actually make. So the sale is for 500,000 Euros.
The question is, when to exchange it?
I want to exchange the money within the month, and from the Daily chart of the EUR/USD I see that it is falling.
Any opinions on this? Should I exchange the money and run or wait a bit?
Thanks in advance
P.S. just to see the big picture, the difference of one cent is $5,000 dollars difference
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Hi gazuz the spot market is dif then the liq money the bank use the median price or the swap they want tomake good money .you see in the spot price or what so efer they call it ,you aint gona see the price in liq money in near futura ,you can find agood xcgh house where they know who neet us or eur soon ,cos some one neet it to export or import goods ,so they can gve you a better cut . try mizuho bank see what happen with the eur/us in near futura.just my 2 cent.Cheers zztop