What is the easiest way to convert my savings to Euro?

[z0mb13]

Due to various reasons, I feel that the US dollar will fall against the Euro or other currencies within a year or so. What is th easiest way for me to convert my savings to Euro/yen?

 

[imported_LoKe]

Go to a bank?

 

[DurocShark]

Move to Europe?

 

[z0mb13]

Originally posted by: LoKe
Go to a bank?

I dont want to hold cash, cash = zero interest

 

[z0mb13]

Originally posted by: DurocShark
Move to Europe?

EASIEST being the keyword

 

[Tobolo]

Go to a money exchange

 

[torpid]

Swiss bank account?

 

[everman]

You don't need to, just hedge against the dollar in the forex market.
Oh and btw:

The dollar remained strong against the yen after the Asian currency tumbled across the board overnight on softer-than-expected Japanese inflation data.

Late in New York Friday, the euro was at $1.2756 from $1.2758 late Thursday. The dollar was at 117.30 yen from 116.52 yen, while the euro was at 149.72 yen from 148.67 yen. The dollar was at 1.2395 Swiss francs from 1.2396 francs, while sterling was fetching $1.8872 from $1.8869.

-- 8/26 wsj

 

[Coquito]

Originally posted by: z0mb13
Due to various reasons, I feel that the US dollar will fall against the Euro or other currencies within a year or so. What is th easiest way for me to convert my savings to Euro/yen?

It's already fallen.

 

[jpeyton]

Money exchanges offer the worst conversion rates. Banks offer the second worst rates. Check XE.com for the true value of your money and see what bank will give you the closest amount to that.

 

[tweakmm]

Originally posted by: z0mb13

Originally posted by: LoKe
Go to a bank?

I dont want to hold cash, cash = zero interest

If the value of one currency goes up against another, it's not interest, but it is certainly appreciation.

 

[tweakmm]

Originally posted by: jpeyton
Money exchanges offer the worst conversion rates. Banks offer the second worst rates. Check XE.com for the true value of your money and see what bank will give you the closest amount to that.

I scoff at those who don't exchange at the spot exchange level. :laugh:

If you want the true valuation of a currency PM me and I'll glance over at one of my six screens that has the world financial markets charted out quite nicely, and give you the real exchange rate for that particular second.

 

[z0mb13]

Originally posted by: tweakmm

Originally posted by: jpeyton
Money exchanges offer the worst conversion rates. Banks offer the second worst rates. Check XE.com for the true value of your money and see what bank will give you the closest amount to that.

I scoff at those who don't exchange at the spot exchange level. :laugh:

If you want the true valuation of a currency PM me and I'll glance over at one of my six screens that has the world financial markets charted out quite nicely, and give you the real exchange rate for that particular second.

whoa what do you do?

 

[DaveSimmons]

Go to Vanguard.com and buy $10K worth of VEURX.

 

[tweakmm]

Originally posted by: z0mb13

Originally posted by: tweakmm

Originally posted by: jpeyton
Money exchanges offer the worst conversion rates. Banks offer the second worst rates. Check XE.com for the true value of your money and see what bank will give you the closest amount to that.

I scoff at those who don't exchange at the spot exchange level. :laugh:

If you want the true valuation of a currency PM me and I'll glance over at one of my six screens that has the world financial markets charted out quite nicely, and give you the real exchange rate for that particular second.

whoa what do you do?

I day,swing, and position trade currencies on the spot foreign exchange market. Although I'm still a small fish and technically I'm trading against my broker, it's pretty damn close to what the big institutions with hundred million dollar accounts are getting, with the exception of slippage :|.