- This topic has 135 replies, 18 voices, and was last updated 14 years, 11 months ago by
patientrenter.
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May 24, 2009 at 12:16 AM #405699May 25, 2009 at 11:12 AM #405320
patientrenter
ParticipantDepends on purpose:
1. For daily purchases in Europe, I use cash withdrawals from European ATMs, using my US ATM card, supported by my low-fee credit union.
2. For larger deposits, I use Everbank. They have various demand and CD accounts for a few foreign currencies. US dollar-equivalent principal is insured by our own FDIC.
3. For large transactions, such as hedging my overall savings against future dollar devaluation against the euro (and to the extent that I chose to use the euro instead of the yen as a stable value currency), I use the CME futures contracts. There are lots of brokers, but I use Interactivebrokers. I know it’s a futures contract, but you can use it to effectively convert dollars to euro in a pretty efficient and convenient and reversible way.
May 25, 2009 at 11:12 AM #405568ParticipantDepends on purpose:
1. For daily purchases in Europe, I use cash withdrawals from European ATMs, using my US ATM card, supported by my low-fee credit union.
2. For larger deposits, I use Everbank. They have various demand and CD accounts for a few foreign currencies. US dollar-equivalent principal is insured by our own FDIC.
3. For large transactions, such as hedging my overall savings against future dollar devaluation against the euro (and to the extent that I chose to use the euro instead of the yen as a stable value currency), I use the CME futures contracts. There are lots of brokers, but I use Interactivebrokers. I know it’s a futures contract, but you can use it to effectively convert dollars to euro in a pretty efficient and convenient and reversible way.
May 25, 2009 at 11:12 AM #405807ParticipantDepends on purpose:
1. For daily purchases in Europe, I use cash withdrawals from European ATMs, using my US ATM card, supported by my low-fee credit union.
2. For larger deposits, I use Everbank. They have various demand and CD accounts for a few foreign currencies. US dollar-equivalent principal is insured by our own FDIC.
3. For large transactions, such as hedging my overall savings against future dollar devaluation against the euro (and to the extent that I chose to use the euro instead of the yen as a stable value currency), I use the CME futures contracts. There are lots of brokers, but I use Interactivebrokers. I know it’s a futures contract, but you can use it to effectively convert dollars to euro in a pretty efficient and convenient and reversible way.
May 25, 2009 at 11:12 AM #405868ParticipantDepends on purpose:
1. For daily purchases in Europe, I use cash withdrawals from European ATMs, using my US ATM card, supported by my low-fee credit union.
2. For larger deposits, I use Everbank. They have various demand and CD accounts for a few foreign currencies. US dollar-equivalent principal is insured by our own FDIC.
3. For large transactions, such as hedging my overall savings against future dollar devaluation against the euro (and to the extent that I chose to use the euro instead of the yen as a stable value currency), I use the CME futures contracts. There are lots of brokers, but I use Interactivebrokers. I know it’s a futures contract, but you can use it to effectively convert dollars to euro in a pretty efficient and convenient and reversible way.
May 25, 2009 at 11:12 AM #406015ParticipantDepends on purpose:
1. For daily purchases in Europe, I use cash withdrawals from European ATMs, using my US ATM card, supported by my low-fee credit union.
2. For larger deposits, I use Everbank. They have various demand and CD accounts for a few foreign currencies. US dollar-equivalent principal is insured by our own FDIC.
3. For large transactions, such as hedging my overall savings against future dollar devaluation against the euro (and to the extent that I chose to use the euro instead of the yen as a stable value currency), I use the CME futures contracts. There are lots of brokers, but I use Interactivebrokers. I know it’s a futures contract, but you can use it to effectively convert dollars to euro in a pretty efficient and convenient and reversible way.
May 25, 2009 at 11:52 AM #405369peterb
ParticipantWhy bother?
May 25, 2009 at 11:52 AM #405616ParticipantWhy bother?
May 25, 2009 at 11:52 AM #405857ParticipantWhy bother?
May 25, 2009 at 11:52 AM #405917ParticipantWhy bother?
May 25, 2009 at 11:52 AM #406064ParticipantWhy bother?
May 25, 2009 at 3:11 PM #405458Participant[quote=socalarm]locate someone with a french accent and beat them with a stick.[/quote]
I vote for this. Lol! Thanks, socalarm.
May 25, 2009 at 3:11 PM #405706Participant[quote=socalarm]locate someone with a french accent and beat them with a stick.[/quote]
I vote for this. Lol! Thanks, socalarm.
May 25, 2009 at 3:11 PM #405945Participant[quote=socalarm]locate someone with a french accent and beat them with a stick.[/quote]
I vote for this. Lol! Thanks, socalarm.
May 25, 2009 at 3:11 PM #406008Participant[quote=socalarm]locate someone with a french accent and beat them with a stick.[/quote]
I vote for this. Lol! Thanks, socalarm.
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