Investing in foregn currency

[inver]

Outside of going into a high-street bank and purchasing actual sterling/dollars etc, where obviously you are subject to charges, what is the best way of investing in a foreign currency like the Aussie dollar, Swiss franc?
Idea would be to protect aginst the weakening euro in the next 12 months.

 

[Ravima]

open interest bearing accounts in those currencies?

 

[MEAMOM]

Spread Euro Risk

+1

How does one go about doing this......

Dont have a whole pile saved but wouldn't mind spreading my Euro risk.....

Thanks

 

[Jimbeaux]

Does anyone have any advice (yes or no) about the Iraqi Dinar "opportunity"? Supposedly the Dinar is worth 2/10ths of a US penny but should go to an equivalent of up to $3.00. In short, a $2,000 investment could soon be worth $1,000,000 USD.

Sounds too good to bbe true for sure - especially if the dollar gets devalued.

Any comments or feedback???

 

[strmin]

Open account with decent broker without annual fees. Transfer Euros, buy any currency you want and that's it.

 

[donall]

the most straightforward way without charge is through a spreadbetting company.
If you have an underlying asset in € but would prefer the exposure of CHF then place a bet as follows
€/CHF Currently is 1.3300
Buy CHF/Sell € @ 1.3300 @ €10 per tic (tic is .0001)
If €/CHF moves to 1.3200 you are up €1,000 (100 tics * €10)
You can adjust the bet per tic depending on the size of your exposure.
make any sense?

 

[Odea]

Does anyone have any advice (yes or no) about the Iraqi Dinar "opportunity"? Supposedly the Dinar is worth 2/10ths of a US penny but should go to an equivalent of up to $3.00. In short, a $2,000 investment could soon be worth $1,000,000 USD.

Sounds too good to bbe true for sure - especially if the dollar gets devalued.

Any comments or feedback???

Gosh! I have been contacted by a nice Nigerian gentleman saying that he wants to send me some money if I give him details of my bank account. Do you think I could ask for Iraqi Dinar to be sent?