GOLDILOCKS
Recently, we have been receiving several pieces of news that give indication that currencies will begin to float up this year.
Will they float to their real value in 2024?
This remains to be seen. It is more important that this year of transition be one whereby exchange rates are tested on the markets and weigh in their worth through the banking system against other currencies.
It is a process whereby the synchronization of the entire Global Economy is currently in play.
We already know that the Indian Rupee has come out and voiced that they expect their currency to trade against the US dollar at 80 to 82 cents by the end of the year. Many countries are expected to bring in their projections soon.
It is important that we develop strategies on what to do in exchanging our currencies as more news develops.
© Goldilocks
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