My wife is in Singapore selling a small flat, she'll be returning to Aus with a (Sing dollar) cheque for about 220,000 Sing dollars.
Unfortunately, that 220,000 has converted to as high as 227,000 Aus to as low as 202,000 aus in a space of just a few weeks.
(220,000.00 SGD = 206,837.05 AUD right now..)
This is a huge amount of money, and it's our house deposit - so what would you do? (Hypothetically of course!)
Wait a bit because the Aussie dollar might fall, or just cash the thing because it seems to be on the up.
I'd just hate to make the wrong decision..
Any hypothetical suggestions would be most welcome..