OliCromwellOfficial [he/him] to askchapo • 2 years agoHolding cash in a different currency: yay or nay?message-squaremessage-square16 fedilinkarrow-up120file-text
arrow-up120message-squareHolding cash in a different currency: yay or nay?OliCromwellOfficial [he/him] to askchapo • 2 years agomessage-square16 Commentsfedilinkfile-text
As :ukkk: goes to shit and I plan my exit anyway, does it make sense to hold a tiny bit of my money in $ or €?
minus-squareChapo_is_Red [he/him]hexbear15·2 years agoI'd hold USD over Euro. It's easy to imagine a lot of ways the Euro loses value without the USD losing value. It's hard to imagine the USD losing value without every other currency losing value. But I'm a dumbass so caution with my advice. link
minus-squarefootfaults [none/use name]hexbear8·2 years agoJust a caution that the Euro back in the mid aughts was worth double the USD..it has lost strength compared to the dollar since then. Basically these things are volatile link
I'd hold USD over Euro. It's easy to imagine a lot of ways the Euro loses value without the USD losing value. It's hard to imagine the USD losing value without every other currency losing value.
But I'm a dumbass so caution with my advice.
Just a caution that the Euro back in the mid aughts was worth double the USD..it has lost strength compared to the dollar since then.
Basically these things are volatile