No the past is no guide to the future for currency changes. But if a currency is devaluing over 10 years, I can not advise my clients to invest in something. If it was appreciating over 10 years I have more confidence in the deal.
I think you have to be prudent. If you think it is going to go up you buy the currency, but why will it go up? it is on a downward curve. It is quite simple. It has been going down for last 10 years (ie. as long as records have been kept.) Why buy something which today 10 pounds and next year it is only worht 9 pounds 30 pence? If it has been doing that for last 10 years why will next year be different ie. are all the people in malaysian going to suddenly change become like Swiss people. Probably not, so that is why, dont buy something which year in year out is going to lose you money. Is simple.
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