Any finance experts here?
Nov 15th 2016, 6:40 pm
#1
Forum Regular
Thread Starter
Joined: Sep 2014
Posts: 298
Any finance experts here?
IF scenario...
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
Nov 15th 2016, 6:48 pm
#2
Quien no sabe
Joined: Dec 2012
Posts: 3,989
Re: Any finance experts here?
IF scenario...
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
Nov 16th 2016, 7:26 am
#3
BE Forum Addict
Joined: Apr 2009
Location: Scotland & Touraine [37]
Posts: 3,018
Re: Any finance experts here?
IF scenario...
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
If Le Penn gets in next year (plus Italy, Holland, Germany, and the rest) and France does pull the EU plug, well, I still plan to be in France, but should I...
A) ...continue to bank transfer yen to a euro that will disappear, in the asumption that whatever comes after that will not mean a loss in actual value? Also, I'd be buying those failing euros at a bargain rate.
B) ...hang onto my Japanese yen until I see what the impact of EU collapse actually is?
C) ...move to Somalia instead?
You will know in advance what the € vs Franc exchange rate will be.
Remember double currency was shown of receipts for years before the changeover to the Euro.
Apart from companies using the change for a price increase, as CS said, imports could become more expensive but domestic products should not be affected.
Wait and see.
Don't go to Somalia - go to the USA where there will be a giant construction project at the Mexican border.
Nov 16th 2016, 9:43 am
#4
Lost in BE Cyberspace
Joined: Jan 2012
Location: Dépt 61
Posts: 5,254
Re: Any finance experts here?
Double currency still is shown on French till receipts!
So much choice, I hope you're a gambler by nature! Another option of course would have been to turn all your yen into £s a couple of weeks ago when the £ hit the bottom, on the basis that the only way, probably, was up. As indeed I believe it has proved to be, slightly. But who would have bet on Trump.
So much choice, I hope you're a gambler by nature! Another option of course would have been to turn all your yen into £s a couple of weeks ago when the £ hit the bottom, on the basis that the only way, probably, was up. As indeed I believe it has proved to be, slightly. But who would have bet on Trump.
