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To: Moominoid who wrote (140675)1/26/2007 3:08:21 PM
From: Patrick Slevin  Read Replies (3) | Respond to of 209892
 
<OT>

The link JoAT provided says that you may convert into another currency by facilitating a loan against the cash in your account.

Rather than borrow the money and pay interest on the loan wouldn't be better to buy the foreign currency using Forex?

I really don't know, I've never had a Forex account. I was going to open one when the currency ETFs hit the boards.

Seven of them, I think.

FXA FXB FXC FXE FXS FXM and FXF.

It seems like you could short one, go long another....park money to take advantage of rates or fluctuations.