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kheown
Joined: 23 Nov 2014
Last visit: 23 Oct 2017
Posts: 220
Own Kudos:
Given Kudos: 58
Location: Spain
Concentration: Finance
Schools: Yale '18 (D) Tuck '18 (M$) Johnson '18 (A$) Kenan-Flagler '18 (A) Carroll '18 (A) Goizueta '18 (WD) Simon '18 (A) Owen '18 (A$)
GMAT 1: 720 Q49 V39
WE:Analyst (Commercial Banking)
Products:
Schools: Yale '18 (D) Tuck '18 (M$) Johnson '18 (A$) Kenan-Flagler '18 (A) Carroll '18 (A) Goizueta '18 (WD) Simon '18 (A) Owen '18 (A$)
GMAT 1: 720 Q49 V39
Posts: 220
Kudos:
97
15 Mar 2015, 10:21
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Bookmarks
Hello everyone,
I'd like to know if any prospective international students are hedging (or have already hedged) their FX risk, especially those who want to study in the US.
I am European, and since an investment in an MBA is substantial, I have been hedging this future (I plan to start on Sep 2016) disbursement in dollars. The impact is potentially significant for most of us, since the USD seems to be gaining traction against major and EM currencies, and it's not likely to stop in the short/medium term.
Is anyone else doing something similar (i.e.: buying dollars in spot/forward prices)? I am currently 50% hedged for the first year expenses, and I'm not sure if I should keep buying dollars at this rate for a few reasons:
a) I have applied for a few scholarships and am wating forthe results.
b) Uncertainty. Something unexpected might happen in the next few months that could cause me to drop my plans to pursue an MBA in the US, and I would not like to be sitting on a huge pile of USD if that happens.
c) I might be granted full or partial scholarships along with admission (dreaming out loud
)
d) If I'm not granted any scholarship, I'd need a partial student loan, and that would be in USD, so there would be no FX from that.
Thanks for sharing your thoughts on this!
Best,
kheown
I'd like to know if any prospective international students are hedging (or have already hedged) their FX risk, especially those who want to study in the US.
I am European, and since an investment in an MBA is substantial, I have been hedging this future (I plan to start on Sep 2016) disbursement in dollars. The impact is potentially significant for most of us, since the USD seems to be gaining traction against major and EM currencies, and it's not likely to stop in the short/medium term.
Is anyone else doing something similar (i.e.: buying dollars in spot/forward prices)? I am currently 50% hedged for the first year expenses, and I'm not sure if I should keep buying dollars at this rate for a few reasons:
a) I have applied for a few scholarships and am wating forthe results.
b) Uncertainty. Something unexpected might happen in the next few months that could cause me to drop my plans to pursue an MBA in the US, and I would not like to be sitting on a huge pile of USD if that happens.
c) I might be granted full or partial scholarships along with admission (dreaming out loud
)d) If I'm not granted any scholarship, I'd need a partial student loan, and that would be in USD, so there would be no FX from that.
Thanks for sharing your thoughts on this!
Best,
kheown
16 Mar 2015, 07:56
Kudos
Bookmarks
Moving to a better forum.
P.S. It is hard to predict currency movements, though in your case it may be a significant impact. My feel is that the dollar will retreat but that may be in 1 month, 1 year, or a century. As a broken clock, we are right a few times. I think most folks did not consider the implications, esp when Euro and Pound traded high.... now it is a different story with currencies moving pretty quickly....
P.S. It is hard to predict currency movements, though in your case it may be a significant impact. My feel is that the dollar will retreat but that may be in 1 month, 1 year, or a century. As a broken clock, we are right a few times. I think most folks did not consider the implications, esp when Euro and Pound traded high.... now it is a different story with currencies moving pretty quickly....
16 Mar 2015, 08:16
Kudos
Bookmarks
bb
We are living in one of the weirdest financial times , i could not imagine treasuries to have a negative yield .
Gold is fluctuating every other week and US Dollar rally every other week. I do not see US dollar going down against SGD (as i m in singapore, i am more concerned about the SGD/USD CCY pair ) anytime this year and my belief was further strengthen when i read the recent announcements . 2months back it was trading at 1.26 and now it is at 1.39 and it's over yet .
I think for those who want to join a US school within 6months or so , it will be wise to open US Dollar denominated account and convert their domestic currency to USD.
