what is the best way to save in Dollars? Is there an

merlingrey

Jegersmart wrote: »

Sorry, the british pound. It used to be called cable.

The point I am trying to make or discuss, and perhaps I am not doing it very well is that if one is going to hedge something then one has exposure in some form or another to something. What I am trying to get to is that if the OP lives in the UK, is paid in sterling and has no exposure (or in this case need) for dollars then I am not sure what he is looking to do.

Sure, if he wants to speculate on a currency going up against the pound then this is something else, it is not a hedge. As someone else mentioned, I don't know what kind of spreads one gets in a bank account but they could be quite wide so this may not be a worthwhile activity in terms of making a profit.

Sorry for confusion.

J

Thank god for that, for a minute there i thought you meant television cable as in monthly payment to sky, thought you was winding me up. :rotfl: