Foreign Currency On Deposit

[Troy McClure]

Almost everyone I read of note expects the US dollar to get weaker. In my view this would be out of the frying pan into the fire. I agree it's a safe currency but whats they point if your motive is to protect the value of your savings and the US dollar slides.
In my view the Canadian dollar of the most stable of the lot.

 

[dec1892]

Not a good CHF rate but PTSB are one of the few retail CHF deposit options in Ireland:


CiaranT, do you know what PTSB charge per annum for someone to place cash in a CHF deposit account? Also, how save would you consider PTSB relative to Rabo, Nationwide UK, UB??

 

[farmerette]

Hi Farmerette,
What do you mean by the downside of buying into CHF - do you mean the FX costs?

most currencys are weak against it , i mean were you to buy into it today with a weak euro , were the euro to bounce back ( unlikely in the short term i know ) against the franc , it could be a case of buying in high , getting out low , my point is , is it risky getting out of a currency when its very low and getting into another one ( even one as solid as the franc ) when its very high

just asking