SEOBlackHat.com had an interesting, off-topic post today on Online Banking and Currency Diversity. My interest is more in the latter. As an American who’s sat idly by, watching the U.S. dollar fall into the worst tailspin in recent memory, the article started me thinking on whether or not it’d be a good idea to open an international account in, say, British pounds, Euros, etc.
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There’s no topic about which I’m more clueless than global currency exchange, so please let me know in the comments if this would be a pointless exercise in trying to recoup/save a little of the plummeting U.S. dollar I have stashed away.
If this is worth looking into, anyone know how to go about doing it? Can I just call up [fill in your favorite online bank here] and say, “Please convert my account to [fill in stable (i.e. not U.S.) currency here]?
On a side note, are there any additional benefits – particularly for travelers – to having an account in some other currency?