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!
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.
This is pretty much my suspicion but asking around doesn’t hurt. Ty for the help!