Pounds vs Dollar - Exchange rate issues so the dollar is weakening everyday these days.
the rate between pounds vs Dollar is now at:
1 pound = $1.90
a month ago it was at 1.75, two month ago it was at 1.73
now i'm not genius at this and probably have the least knowledge about finance (although i take a finance module in uni.. which is embarrassing)
but could a profit be made out of this using just the partypoker software?
if i deposit to partypoker in pounds, the site gives a prettty good exchange rate with mininal fees.
so i deposit, keep the money in USD in my account, and when the dollar strengthens again, i withdraw to my GBP based card.
is this a stupid idea? what are the problems if there are any?
i'm sure there are some of you that knkow abit about financing and investing so i hope to hear some views! |