For context I’m from Uruguay which is pretty stable although it trends to some exchange rate delay many expensive purchases are done in USD. I have some money saved in the local currency, so I want to know when would be the best moment to go for it. I heard it could drop if trump fires Jerome Powell but seems it wouldn’t happen, now I’m thinking the tariffs woth EU that start on August could also be a good chance. The idea is to catch a sudden drop and make the purchase before inflation kicks in. Or if the dollar would go up do it before that.
I know is pure speculation but some references would help. TY!

  • S_H_K@lemmy.dbzer0.comOP
    3·
    4 days ago

    The dollar may be falling, but if the peso falls more, there would be a net gain in the dollar vs. the peso. 21% of Uruguay’s trade is with China, and a contraction in the Chinese economy could impact the peso.

    True but it would be very strange for China to fall down right now even tough they are having those wacky crisis they have enough to mitigate the imapct for now. We are a little decopuled from Argentina luckly and the rest of the region is doing kinda alright. Not great but handles it. Also here is pretty stable at least for the time being.

    I think the dollar will be significantly lower by the end of 2026 than it is today.

    My question is more in the near future as for 2026 maybe markets reajusted and inflation would have kicked in.

    In my opinion, I think you’re better off evaluating your purchase in terms of the value it provides to you, rather than trying to time the market with currency exchange rates.

    Absolutely true but the cheapskate in me cannot help to hope to squeeze a little more bang for my buck 🤣

    Further, even if the dollar were to collapse, in all likelihood sellers would demand more dollars for their goods, so it isn’t clear that there would be a big benefit in trying to time the currency markets.

    Yes buuut in the time that readjusts maybe I can get a good price.

    To be more specific I’m thinking into going for it next week or the other just want to doublecheck a little the when exactly.

    • N0t_5ure@lemmy.world
      5·
      4 days ago

      If you’re looking at making the purchase next week or in a month, I doubt there would be a significant difference in the exchange rate. I’d be more concerned about whether the item I’m buying incorporates foreign made parts subjected to tariffs, and the potential for price increases as a result of more costly inputs.