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"Betting against Euro" product?
Waldir
Posts: 171 Forumite
Hi,
I am completely new to this, but I live in the UK and took out a 50 k€ loan in europe 2 years ago.
Since the euro exchange rate went up so much, it made my loan cost an extra £3k already.
I am wondering what kind of investment products would be the same as "placing a bet on the euro exchange rate"... so that if the rate goes up, I win, thereby cancelling my losses from my loan, and it the rate goes down, I lose, cancelling my gains from my loan.
Does this exist?
Thanks,
Waldir
I am completely new to this, but I live in the UK and took out a 50 k€ loan in europe 2 years ago.
Since the euro exchange rate went up so much, it made my loan cost an extra £3k already.
I am wondering what kind of investment products would be the same as "placing a bet on the euro exchange rate"... so that if the rate goes up, I win, thereby cancelling my losses from my loan, and it the rate goes down, I lose, cancelling my gains from my loan.
Does this exist?
Thanks,
Waldir
0
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