I would love your advice.
I have left the country for good 1+ year ago when the yen rate started to drop. Hoping it would recover, I held off exchanging around 5m in savings. Unfortunately it was a stupid decision.
I have around 40k GBP student debt (7% APY) that I’m paying off monthly and my income is in USD.
I have hated having to monitor the yen and I want out, but uncertain on the right timing to exchange.
Ideally I would like to use that money to pay off my debt (or a part of it) rather than my income to minimize transfer and exchange fees.
What option makes the most sense:
A) stop waiting for the rate to improve and use the money to pay off a part of the debt
B) wait until rate improves and make monthly payments with USD or pay off entirely with USD , but risk further decrease of the yen rate and miss out on US bank 4.5% APY if I were to exchange it
by lilaevaluna