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/biz/ - Business & Finance

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51322437 No.51322437 [Reply] [Original]

Yen (and other foreign currency) is hitting record lows against the dollar.
Would it be a good idea to exchange for some now?
What is the best way to accomplish this?

>> No.51322453

>>51322437
lmao the yen isnt going back up

>> No.51322486
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51322486

>>51322437
probably, i've been putting more and more of my money into thai baht, but im also an expat living in thailand so i benefit directly from it moreso then just forex.

my rent in thailand only keep going down, feels good pricing out the locals while americans back home are getting fucked.

>> No.51322636

Fuck no. You guys think the USD is doing bad? Literally every other currency and countries economy is doing worse.

>> No.51322662

>>51322636
that's literally the point, you buy up other currencies for cheap while the USD is stronger

back to /pol/ with you

>> No.51322731

>>51322662
>buy other currencies cheap
>they keep dumping
>USD keeps getting stronger
??????

>> No.51322736

>>51322437
I don't know, is climbing onto the highest mast in a sinking ship a good idea?

>> No.51322891

>>51322486
How old are you and which part of TL do you live in? I would be sipping Mai Tais long term in Jomtien Beach by now but it seems like Thai Visas are still a bitch.

>> No.51322979
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51322979

>>51322731
for now anon, it's only a matter of time before the USD loses its place as the world reserve currency, most likely to bitcoin.

>>51322891
im 29 in bangkok, i like it a lot more then pattaya personally, but im also not interested in the sexpat culture. what do you mean? thailand has some pretty straight forward visas, the only hard part is finding one that will give you a work permit. but here's the secret, everyone just works remotely here illegally without a work permit anyway. anything is possible here with enough money, worst case scenario you get caught and pay off the police.

if you have the money, you can just buy an elite visa that lets you stay in the country anywhere from 5-20 years.

>> No.51323114

>>51322437
For what purpose would you be buying these currencies? Cash for tourism, a simple short to medium term forex trade? Is it a leveraged trade? Etc. The jpy is fucked until the boj cries uncle and nukes the Japanese capital markets. Thinhs are getting interesting. BTW same goes for Europe/eur/ecb/Brent crude and nat gas

>> No.51323136

>>51322731
this, I keep saying this. King dollar for the foreseeable future

>> No.51323165

>>51323114
Tourism is definitely an applicable use case.
Which is why I was considering going to a foreign currency exchange and actually getting cash in hand.

>> No.51323780

>>51322979
>it's only a matter of time before the USD loses its place as the world reserve currency, most likely to bitcoin.
lmao

>> No.51324218

>>51322979
>most likely to bitcoin.
Sometimes I am reminded of how delusional crypto morons are.