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Old 12-16-2004, 02:41 PM   #6 (permalink)
Dostoevsky
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Location: Macon, GA
Quote:
Originally Posted by zen_tom
Will your bank allow you to open a USD account?

If so, you could transfer the funds between the two accounts (possibly using the spot rate), and then wire the USD directly from your USD account.

It's normally possible to open an account denominated in a foreign currency - alternately, find a nice offshore account where you can send your money, and do the wires/exchanges etc from there - they may give you a better rate, and you get the option of building up a nice tax free nest-egg too.
I had not thought of trying to open up a 'Eurodollar' account here. I'll look into it but I would be surprised if they have it, thanks for the idea though.

Transfering my euros out of this account into another euro denominated account is also a nice idea that I'll look into. Thanks again.

I wish I could just find a bank in America, like Citibank, that would allow me to deposit my Euros in person at the spot rate but I'm not sure whether that's possible.

I'm pretty confident that, given enough time, we can figure something out here. Thanks for the help.
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