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Politics : Welcome to Slider's Dugout
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To: Cactus Jack who wrote (6782)10/26/2007 3:17:25 PM
From: Charles Macdonald  Read Replies (2) of 50730
 
Cactus -

My understanding is as follows -

With the Renminbi, you would actually have to open a world access account (read money market account). Your gains are essentially the fluctuation between the dollar and reninbi. If you are looking to profit off the devaluation of the dollar, there are probably better currency choices that fluctuate against a lowering dollar (market float vs peg).

I do not show the Chinese Renminbi available as a Everbank CD (only a money market account). If you went with a Everbank World CD, my understanding is that you get paid a local currency interest rate plus the fluctuation against the US dollar.
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