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rive_gauche
@lae
Hello,
I live in New Zealand but will be returning to the UK in a year or 18 months or so. We aren't staying here so our money has just been sitting in the bank (with 5% interest, you wouldn't get that in the UK...)
Normally I keep a close eye on the exchange rate but then I went on holiday for a month, and the dollar dropped against the pound by 20%. It's probably going to drop by another 5% by the end of the year, due to weak dairy prices in NZ.
Needless to say this has lessened my GBP-wealth by many thousands of pounds, which is painful. I am in a dilemma on whether to send some (or all) money home now (I probably need a minimum 10k nzd float over here for emergencies) or just keep the lot over here and see if it comes back up, although it'll probably go down and settle.
Is there something smarter I can do with my money right now, or is this something I just need to chalk up to experience and try to forget about?