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What is the easiest way out of the dollar?
I want to convert some of my money (U.S. dollars) for Austrailian dollar. The goal is to keep it in a savings account after his conversion, and do not touch for some years. I just want to diversify if the USD falls. Now which is the easiest and best / to go about this. I looked at currency accounts, but they give no indication of this strategy. Simply press the trade. I wouldnt mind going to a bank, but I know nothing about if I can maintain foreign currency savings account. Not sure what to do. Thanks for any help. How do I open a foreign bank account? If that's what this is going to be …
There are much easier ways to open a foreign bank account. The easiest way would be to buy the Australian dollar ETF with the ticker symbol FXA. I'm assuming you have a brokerage account online.
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