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Updated over 13 years ago,

User Stats

59
Posts
17
Votes
Greg D.
  • Investor
  • Tewksbury, MA
17
Votes |
59
Posts

Holding savings in another currency

Greg D.
  • Investor
  • Tewksbury, MA
Posted

Last year when I went over to China the exchange rate was 7/1 and 12 months later it was 5/1.

What do you think about holding savings in a different currency? A while back i heard there are two Chinese banks with US branches that will hold your cash in RMBs. The way I see it I lost 30% of my savings last year.

Thoughts?

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