Quote:
Originally Posted by mazi
Depends on what currency you already keep your money in and how well it is doing
Don't forget currency dealers would try to convince you to go for the fixed rate as it would be a better deal for them, e.g. pound to aed is currenly around 7.3 on the spot rate whereas the fixed rate i was offerred was 6.7
they would try to convince you that AED would go up in the next few months (this pegging and de-pegging business) so better to fix a rate, but realistically they would'nt be offerring you the deal if they genuinely believed in that, as they would be the ones losing money
I personally decided to go for the spot rate - BUT always keep an eye on the market - it's never late to fix a rate if you felt your currency is falling against AED
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Cheers Mazi, That is the impression I am getting from them and have decided to keep track of the rates and decide per installment.