EUR USD swings

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Posted by posted in Gen. Poker

EUR USD swings

Hi!

I'm from an European country and mostly play on Stars. Of course there are mostly games running on USD tables, so I would like to know if any of you exchange your € back to $ to prevent losing value?

I saw that there is an "auto convert" option on stars, which automatically converts all the currency to your default currency but some fees do apply.

Any recommendations?
Thanks :)

3 Comments

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GetMoney GetPaid 9 years, 10 months ago

If you're a professional player I would recommend keeping the balance in the currency you use for living expenses. Otherwise I wouldn't worry about it too much.

FIVEbetbLUFF 9 years, 10 months ago

your not a currency trader. dont move in USD bc its been rising and you blindly expect it to continue. past results dont imply future results. In fact, many believe the US dollar is overvalued. i understand it sucks to lose value, but unless you research just worry about poker and keeping money in ur own currency

Zyzz 9 years, 10 months ago

great post i actually never thought of this I've had all my funds in USD never did i realise the currency was always changing and that i would be losing money.

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