I have a $100 cheque (drawn on a US personal bank account) that I'm not sure what to do with, given the exchange rate is so poor at the moment. Should I hold onto it and see if the dollar picks up at all? Does anyone know how long I can keep it before I have to deposit it or it becomes invalid (there is no mention of any expiration date on the cheque) and is the dollar expected to go up (or down!) by any significant degree during that time? Should I just cut my losses and take what I can get for it now?
Bear in mind I'm in the income bracket where $100 could be significant, if only the exchange rate was better.
Thanks
Bear in mind I'm in the income bracket where $100 could be significant, if only the exchange rate was better.
Thanks