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What is the best way to transfer/hold a sizeable (say $9K, so we are below the radar of gov'ment, not because anything illegal is going on... but because I try to avoid any unnecessary hassles) amount of money while we are living in a foreign country (like Taiwan, for instance) for about 5 months. I am trying to avoid any exchange expenses.
1) a) Specifically, is it economical to establish an account at a bank within the country and wire transfer $9K at a time to the account?
b) Would I get hit with exchange expenses if it went from US $s to Taiwan $s?
c) Do they have US $ accounts in other countries? hence no exchange expense until you need to use it.
Anyone with eperience in this? Thanks.
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