Comment on How much should I pay for a Dollar next year?
commented on
24 Oct 2013, 01:12 PM
One bit that is not considered is that the person can invest his $1000 and get interest. So the real rate is the interest rate differential between the currencies.
So if I can get 2% for USD for 1 year, I would buy $980.4 @ 66 today and put it in a bank to get $1000 next year…