currency dilemna

[bms1]

I have 30000 in US dollars and am unsure what to do with them as the exchange rate is so bad should i just change it over to euros now or stick it in a dollar account and wait until it improves i know this will probably be years rather than months.Would appreciate any help.

 

[woods]

I have a dollar deposit account with AIB and it seems to pays more interest than a Euro deposit account so there is no problem in going down that route but I am not sure if waiting for the dollar to rise is a good stratagy.
I am only keeping mine in dollars because it came in to me in dollars and I am going to need dollars in the near future so did not want to pay the transaction fees.

 

[gobig]

Banks are continuing to short the dollar so although the ex. rate is expected to get better a number of analysts in the US expect that it will fall to 1.4 against the euro in the coming months