Quote:
Originally Posted by MRM
The short answer is yes, but why would you want to? You can buy currency, shorts, puts, the whole works if you want to invest in other denominations without leaving the US.
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Why would you want to, of course, that's the question I asked earlier, but no one has ever addressed, and instead gone babbling on about whether you can or can't.
The guy who posted the question isn't interested in investing in other currency. He was under the mistaken notion that if he transferred some money into an account in Germany, he could then "take advantage" of the weak dollar/exchange rate when buying Porsche parts in Germany.
Of course, he failed to take into account that even if he could do it, it wouldn't work because when he transferred his US dollars into the German account, and the German bank converted those dollars into Euros, he would not get 1 Euro per US dollar.
So even if he could do it, it wouldn't work, i.e., it wouldn't "take advantage" of the exchange rate in any way.
But, carry on anyways.