I want to invest money buying euros..
2007-11-01 13:40:36 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
Depends on how much money you want to buy and where you are. In the USA the best option and cheapest I would have for you is to open an account at Wells Fargo. After you open an account they let you buy foreign currency for free they just ask a 4 percent or so spread over the current rate on the purchase of major foreign currency such as Euros.
If you have large ammounts of Euros to buy you could open an investment account with a large brokerage and buy euro denominated bonds.
2007-11-01 13:46:40 · answer #1 · answered by teodor d 2 · 0⤊ 0⤋
With the difference in buying and selling rates being about 10% the gain in value of Euros would have to be considerably greater than 15% to make a worthwhile profit compared to investing in a Building Society.
Also the value of Euros can go down as well as up.
2007-11-01 14:04:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
this is called forex trading. [forex = foreign exchange]
there are numerous forex broker/dealers who'll happily help you go broke. The business is dominated by pros and they're out to take every cent possible.
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small quantities are likely available from banks in major cities -- of course, they charge a fee for this service and will nick you on the exchange rate as well. Both ways [buy and sell], too.
2007-11-01 13:46:05 · answer #3 · answered by Spock (rhp) 7 · 0⤊ 1⤋
Travel agent or post office.
The post office offer to buy back any you don't spent commision free, but beware, the rate they buy back at is a rip off!
2007-11-01 13:50:50 · answer #4 · answered by Anti theist 5 · 1⤊ 0⤋
if you want to buy small amounts then the post office, depending on how much you have to spend. A burea de change is good.
2007-11-01 13:48:12 · answer #5 · answered by Baggio 1 · 1⤊ 0⤋
The Post Office do this with 0% commission - although I don't know how their rates compare.
2007-11-01 13:54:14 · answer #6 · answered by Ben L 3 · 0⤊ 1⤋
Yes, if your living in the UK use the post office there are no exchange fees to be paid
2007-11-05 04:53:28 · answer #7 · answered by Anthony B 2 · 0⤊ 0⤋
Airport.
2007-11-01 16:51:14 · answer #8 · answered by Anonymous · 1⤊ 1⤋
at mark and spencer "bureau de change"
2007-11-02 08:22:03 · answer #9 · answered by Fed-up 5 · 0⤊ 0⤋