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Converting the bankroll?


Hooloovoo

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With the current global financial crisis, we have a tough time in Sweden when it comes to national economy. :( The swedish currency SEK is now very weak, for many years the exchange rate has been around 7 SEK/USD. Last summer it dropped to 6, but from august it has drifted to 9. Today's rate is 9.22 SEK/USD. Since the 1970's the SEK/USD rate has never been higher than 10-11, so i fully expect it to maybe drift further to say 10, then eventually drop back to the "normal" 7. The question is if i should "cash out" my current poker bankroll (which by now is only USD) to SEK, essentially buying cheap SEK. Example: Cashing out $1000 at a rate of 9 SEK/USD gives 9000 SEK. Then play at any site that accepts SEK as a currency (e.g. Unibet, Expekt). Then when the rate drops to 7 SEK/USD, buy $1000 back for 7000 SEK, thus making a net profit of 2000 SEK (=£153). Any thoughts about this? :unsure (Feel free to move this thread if any mod thinks it does not belong here)

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