3 ms·

The only disadvantage would be if the dollar continued to slide. But if you don't immediately need the capital and plan to return in the near future, I'd leave

• hugh 18y ago
  If I were you I'd hedge my bets, moving some across now and some across later. I'm also a foreign immigrant living in the US and if I still had a big stash of foreign currency sitting around I'd be looking at buying US dollars right now. I don't think the current low levels of the US dollar are sustainable. You have to remember that interest rates in the US have been cut to rock bottom, while they remain higher in other countries. For instance, right now I could borrow money from a bank in the US at about 5% and invest it at over 8% in Australia (and those are just the interest rates that I, the consumer, can get -- I could do even better if I were a hedge fund or something). This is a huge arbitrage opportunity, and I'd be crazy not to take advantage of it... unless of course the US dollar goes back up over the course of my loan and wipes out my profit. The fact that the apparent opportunity exists means that the market is obviously priced on the assumption that the US dollar is going to go back up eventually, and is currently being held down only by the low interest rates.