euro
What should a European do with this American savings account that is depreciating in value?
dollar | euro | finance | investing | moneyEuropean who has USD in an American account - what should I do? I'm European, but lived in the US for a little while, where I had a very good paying job that allowed me to save money. I have a little over $10,000 in an American CD now. I came home to Europe and went back to school, thinking I could use that money to start up a business, make a downpayment on an apartment or something once I gradutae. I have been watching in horror as the dollar went down against the euro and now that money I was counting on is shrinking away. Are there any suggestions on what I should do with it? Should I just leave it and wait for the dollar to recover? Should I buy something in the US that is likely to appreciate in value? If I had a good income now, I would buy an American apartment or something with it, but I'm a student living from paycheque to paycheque.
FX gives me a headache
damselsindistress | dollar | euro | finance | fx | investment | money | savingsI am permanently moving from the US to Europe in about a month. I have about $50K in savings in HSBC high (and ever-falling) interest account. I am at a loss as to what to do with this money. Money-savvy Mefites, please come to the rescue. So I have all this money sitting in savings. For the next four months my salary will continue to be paid in dollars. I am a horrible, albeit charming, investment ignoramus. On one hand, I feel terrible about converting my savings to euros, on the other I don't know whether I want to leave my money in the States especially if the dollar is to further depreciate against the euro.
Saving money in euros...
currency | dollar | euro | finance | money | savingsI keep all my savings in a Citibank e-savings account, which is like a regular savings account, only with a higher interest rate. Recently, the dollar has totally been tanking, and this trend doesn't show any signs of reversing. What's the easiest, safest, most profitable way for me to save my money in euros instead of dollars? This is what I like about the e-savings account : 1) My money is FDIC insured. 2) The interest rate is higher than that of a typical savings account. It's somewhere around 4.25%. 3) I can take my money out any time I want without incurring any kind of penalty.
Saving money in euros...
currency | dollar | euro | finance | money | savingsI keep all my savings in a Citibank e-savings account, which is like a regular savings account, only with a higher interest rate. Recently, the dollar has totally been tanking, and this trend doesn't show any signs of reversing. What's the easiest, safest, most profitable way for me to save my money in euros instead of dollars? This is what I like about the e-savings account : 1) My money is FDIC insured. 2) The interest rate is higher than that of a typical savings account. It's somewhere around 4.25%. 3) I can take my money out any time I want without incurring any kind of penalty.

