23 Feb 09 What is the easiest way to get out of the USD?
cmil8 asked:
I want to convert some of my money (American dollar) to the Austrailian dollar. The goal is to keep it in a savings account after it is converted, and not touch it for a few years. I just want to diversify in case the USD goes down. Now what is the easiest/best way to go about this. I looked at Forex accounts, but they dont give any mention of this strategy. They just push trading. I wouldnt mind going to a bank, but I know nothing about if they would allow me to keep a foreign currency in a savings account. Not sure what I should do. Thanks for any help.
how do I go about opening up a foreign bank account? If thats what this is going to take…
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I want to convert some of my money (American dollar) to the Austrailian dollar. The goal is to keep it in a savings account after it is converted, and not touch it for a few years. I just want to diversify in case the USD goes down. Now what is the easiest/best way to go about this. I looked at Forex accounts, but they dont give any mention of this strategy. They just push trading. I wouldnt mind going to a bank, but I know nothing about if they would allow me to keep a foreign currency in a savings account. Not sure what I should do. Thanks for any help.
how do I go about opening up a foreign bank account? If thats what this is going to take…
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Tags: American Dollar, Foreign Bank
Reader's Comments
You’d probabily have to open up a foreign bank account.
The australian dollar etf with ticker symbol fxa am assuming you have an online brokerage account easiest way would be to.
The australian dollar etf with ticker symbol fxa am assuming you have an online brokerage account easiest way would be to buy the australian dollar etf with ticker symbol fxa am assuming you have an online brokerage account easiest way would be to buy the.
The interest rate further you might loose some foreign currency account in bank or the us dollar accounts.