PPRuNe Forums - View Single Post - Sterling to AED
Thread: Sterling to AED
View Single Post
Old 17th October 2007 | 04:28
  #2 (permalink)  
Wizofoz
 
Joined: Jun 2001
Posts: 4,835
Likes: 85
From: Boldly going where no split infinitive has gone before..
As the Dirham is tied to the US dollar, it depends on whether you think the greenback will dive any further. That's a job for the men in the funny waistcoats, but my personal feeling is it hasn't bottomed yet.

The only joker in the pack is that there is pressure (so far being resisted) to revalue the dirham. It may happen, but probably not until next year at the earliest.

beyond that, your crystal ball is as good as mine!
Wizofoz is offline  
Reply