I need some advice on making payments for the flat i bought in Dubai. As the payments are due in the next 2 years, i was thinking of converting at least 75% of my purchase price to AED now to avoid any future drop in the ER.
It seems to me that the current ER (sterling vs AED) is probably the best and the rumors are strife that AED is under immense pressure to be reevaluated or un-pegged against USD.
Under the current circumstances would it not be sensible to convert your sterling in the AED to protect yourself from sudden ER drop?
I would appreciate your thoughts.
cheers