4 posts shown.
copperharbor72 said:USD
So there’s your answer... the dollar used to be the rock-solid standard, but it’s starting to wobble along with the Euro since they’re so tied together... most non-European currencies are holding steady, except for the ones pegged strictly to the Greenback or anything tied to oil prices...
Susan Collins11 said:what's the verdict on the Norwegian crown😕
The crown seems solid enough... though I'm not sure if it can weather the inevitable collapse of the Euro, which looks pretty certain at this point. Only things like the Australian dollar or the Yen might actually pull through that mess...
blueharbor17 said:Yeah, the real headache is how much these currencies tend to swing upward... I feel like the Aussie dollar and the British pound are probably the most stable ones out there.
The pound isn't going to last forever though... you gotta watch your step with it since it’s seen some massive crashes before and hasn't really grown much, like dropping 30% since we switched over to the Euro...
blueharbor17, we’re definitely on the same wavelength here. I’ve always been big on keeping a little nest egg tucked away, though I’ve definitely taken some hits over the years trying to play the currency markets, especially when dealing with the US dollar... eventually, I figured out how to read the trends and stay one step ahead, so I've managed to come out ahead a few times, but these days I mostly just stick to the Australian dollar and the yen.