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Investing in foreign currencies

W

wetcat007

Diamond Member
I'm curious if anyone here has invested in foreign currencies(assuming you live in the US) the dollar has been dropping value in comparison to currencies such as the EURO. Is it a worthwhile investment to transfer your money into a foreign currency? If it is can you do it at a bank in the US and keep your money in that bank?

"However in 2006, the dollar again showed a double digit (11%) loss against the euro."(taken from wikipedia.

11% is more than any savings account interest I've ever seen.
 
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