I know you can invest in other curreny's but am unfalilliar with the proccess.
Also, how long would you hold on "yen"????
2007-02-01 17:52:44 · 2 answers · asked by jcwiechert 2 in Business & Finance ➔ Investing
It is now possible to buy futures contracts on the Chinese Renminbi Yuan (i.e. a contract to buy or sell at some point in the future at a price fixed in the contract). VERY speculative, but possible to make a lot (or lose a lot) fast. The link below is an article on the subject. How long to hold it? If I knew, I would be very rich.
http://www.cme.com/about/press/cn/06-43RenminbiContract18995.html
2007-02-05 12:30:36 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
You mean the yaun and you don't or can't really with the yaun. The yaun is about 1/7 of a U.S. dollar and is fixed (meaning no movement) between the yaun and the dollar. So if you bought yauns, it would be like buying another version of the U.S.dollar. The yen is Japanese, and you just use a broker that deals with forex.
2007-02-02 02:56:21 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋