Easiest way to invest in other countries' currency?

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IronFist

In order to buy some Canadian dollars, is there an ETF or anything you can use? At banks in Canada they will give you Canadian dollars for US dollars without a fee. Outside of that, is there another easy way to do it?
 
IronFist said:
In order to buy some Canadian dollars, is there an ETF or anything you can use? At banks in Canada they will give you Canadian dollars for US dollars without a fee. Outside of that, is there another easy way to do it?
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FXC. Probably not as liquid as fxe(euro), fxy (yen) etc. Remember the Canadian dollar has been strongly negatively correlated to oil. Also you are not actually holding Canadian dollars that you can go and pick up in Canada or the US if that's what you are thinking. It's a blip on a computer screen, like most money these days. I once got kicked out of Thanksgiving dinner for pointing out the same thing to the host. He thought his Fidelity mutual fund denominated in cad actually held cad in a vault in Canada somewhere that he could drive across the river, lake etc and go pick up.
 
debitspread said:
> Remember the Canadian dollar has been strongly negatively correlated to oil

Say what? It's positively correlated.
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Sorry my bad. Just seeing if you were paying attention. I was probably thinking of USD/cad spread.
 
Forex is an international business, Here all over the world traders do trading . As USD is not my native currency even then too I can trade in other countries currencies . Now I am a part of international business community of forex trading.
 
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