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EUR v USD: any insight on how it's trending

Richards1983 · 2018-04-22 11:46:45

Hi all, I've some USD that I want to convert to EUR. Just wondering if anyone on here has some initial insight on when might be a good time to do that -- ASAP, or give it a few weeks? Cheers, Con

22-04-2018 12:46pm

#1

Richards1983

Registered Users Posts: 171 ✭✭

Join Date: February 2017

Posts: 128

Hi all,

I've some USD that I want to convert to EUR. Just wondering if anyone on here has some initial insight on when might be a good time to do that -- ASAP, or give it a few weeks?

Cheers,
Con

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Comments

#2 23-04-2018 12:54pm

1huge1

Registered Users, Registered Users 2 Posts: 6,173 ✭✭✭

Join Date: February 2005

Posts: 6097

The EUR USD forward curve predicts the euro to strengthen over the coming months and years, especially as the ECB quantitative easing begins to taper off.

So the sooner you change your USD to EUR the better, of course FX markets can be extremely difficult to predict so things can always change, but I think doing it sooner rather than later is the safe bet.

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#3 23-04-2018 6:11pm

Richards1983

Registered Users Posts: 171 ✭✭

Join Date: February 2017

Posts: 128

Thanks boss. I switched it out today.

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