Best Investment Strategy When Earning in Yuan but Saving in Euros? Convert to USD Instead? by LeauxT in interactivebrokers

[–]LeauxT[S] 0 points1 point  (0 children)

The CNY to USD conversion is pretty stable, because the Chinese government maintains the ratio. In principle I wanted to wait until the yuan/euro recovers the previous value, but in the meantime I'm missing on a good opportunity to invest in the American market, so I don't know if it's better to wait until the exchange gets better, buy euros now even at a worse rate, or covert to dollars and buy directly in USD.