Normal
Port,You could open a forex trading account and sell the AUDUSD. It'd be preferrable to physically changing AUD into USD because of the leverage ie. you don't need to put up huge quantities of cash.With an AUDUSD short as the AUD drops against USD you'd make money in AUD terms. Problem with this approach is the interest rate differential, you'd be paying rollover charges based on 3.75% per annum at present. Wouldn't be a problem if the AUD falls by more than this.Historical average is in the 0.74 area, so from a really long term perspective, could be a rewasonable play.
Port,
You could open a forex trading account and sell the AUDUSD. It'd be preferrable to physically changing AUD into USD because of the leverage ie. you don't need to put up huge quantities of cash.
With an AUDUSD short as the AUD drops against USD you'd make money in AUD terms. Problem with this approach is the interest rate differential, you'd be paying rollover charges based on 3.75% per annum at present. Wouldn't be a problem if the AUD falls by more than this.
Historical average is in the 0.74 area, so from a really long term perspective, could be a rewasonable play.
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