I live in the Euro zone, and my main bank account is here.
However, I also have a USD bank account located in the USA. I don't usually pay attention to the currency exchange market, but looking at the great rise of the dollar lately, I was wondering if there is a way I can optimize my finances at this point?
For example, let's say I have $10k in the American account. Last month it was worth 7.5k EUR, and now it's worth 8.6k. It seems like there's a clear gain to be had, but if I leave all the money where it is, then eventually it will return to the lower rate from before (or close to it) and the opportunity will have passed.
Is it a good idea to move the USD to the European account at this point, thus converting it to EUR while it's still worth so much?