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Any buyers of foreign currency?
Old 07-05-2007, 11:57 PM   #1
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Any buyers of foreign currency?

I'm trying to find out the best way to take X amount of US Dollars and purchase the equilivent in Argentina Pesos, Thai Bhat, and Brazil Real.
Everbank does not offer such CD's.

Has anyone had any experience in exchanging curreny and holding the foreign currency in an interest bearing account for speculation.
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Old 07-06-2007, 12:07 AM   #2
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I made a rather large chunk of change, buying euros when they first came out (Im sure alot will think this is wierd, but go go Bible future knowledge!), normally a local bank can do it, and you can just hold on to the currency in a normal account or CD, then change it back to dollars when it does really well.
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Old 07-06-2007, 12:21 AM   #3
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I made a rather large chunk of change, buying euros when they first came out (Im sure alot will think this is wierd, but go go Bible future knowledge!), normally a local bank can do it, and you can just hold on to the currency in a normal account or CD, then change it back to dollars when it does really well.

Bigritchie, any ideas of which banks do this?
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Old 07-06-2007, 12:54 AM   #4
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1st Tennesse did mine, I would think they still do it.

I am sure nations bank would too since they are all over the world, or you could just open a account with a British or Swiss bank, do a currency exchange, and then just put the new cash in a CD. I would think the big brokerages could do it too. I just bought a 100k of Euros back in the day when it was worth alot less then the dollar, put them in a CD, and then watched it kick the dollars rear over the past few years and recently sold em in prep for retirement.
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Old 07-06-2007, 07:46 AM   #5
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Originally Posted by Florida View Post
I'm trying to find out the best way to take X amount of US Dollars and purchase the equilivent in Argentina Pesos, Thai Bhat, and Brazil Real.
Everbank does not offer such CD's.

Has anyone had any experience in exchanging curreny and holding the foreign currency in an interest bearing account for speculation.
Nope. I get plenty of currency exposure via unhedged foreign funds.
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Old 07-06-2007, 09:18 AM   #6
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How about a little triangular currency arbitrage??
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Old 07-06-2007, 03:21 PM   #7
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Nope. I get plenty of currency exposure via unhedged foreign funds.
Any foreign fund recomendations?
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