My company is getting into a contract with another company in a different country. The contract says we pay them in their currency. I want to purchase their currency now and use that as a hedge against the potential falling US dollar. What brokerage house or other institution will sell me the other countries currency>
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May 26th, 2008 at 7:55 am
check out-www.investopedia.com/articles/forex/06/SevenFXFAQs.asp - 51k
xe.com,
x-rates.com,
May 26th, 2008 at 7:55 am
The bank that you regularly do business with should offer you a good rate of conversion and help you with your currency needs. You may need to call a couple of days in advance to get physical currency of a more obscure country.
May 26th, 2008 at 7:55 am
forex.com has good no hassle online trading. you may want to look into gold and copper if you are just trying to beat the dollar. Market goes down, metals go up. Every time for the last 80 years. If you don't have time to baby sit your foreign exchange account daily you may be in for a bad surprise one morning. Be careful with that. Energy futures are killing right now…if you have a friend with a Series 8 you may want to give him a call.
May 26th, 2008 at 7:55 am
I want to suggest you
you should invest to my country
there is instrument for invest e.g deposit saving or endowment.safety and high return.
the bank will full guarantee your money.
interested?
pls send email to: jemy.bondan@yahoo.co.id