Like Dollar
Like Dollar
What country is a us dollar worth more and how can I put my money into a cd in another country?
Let's say like I want to put my money in Canada or France, is a dollar worth more there and are there risks with putting my money into their banks? Thanks!
Huh? The US dollar is worth $1. It doesn't make any difference which country you place an investment in, in terms of the value of the dollar today. But if (let's say) you invest in Canada, where today you'd get about $1.02 Canadian, and then that changes to $.97 Canadian in the next week, then you lost money, didn't you?
It could also go the other way, of course, but it's always a gamble.
It's safer to ignore the exchange rates and just find a good investment at home, there is no gain to be made because of exchange rates (except as a speculative venture, which can easily go the wrong way).
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![]() 1999 Canada 1 Loonie Dollar Proof Like mint sealed US $14.57
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