As :ukkk: goes to shit and I plan my exit anyway, does it make sense to hold a tiny bit of my money in $ or €?
I'd hold USD over Euro. It's easy to imagine a lot of ways the Euro loses value without the USD losing value. It's hard to imagine the USD losing value without every other currency losing value.
But I'm a dumbass so caution with my advice.
Just a caution that the Euro back in the mid aughts was worth double the USD..it has lost strength compared to the dollar since then.
Basically these things are volatile
It's hard to imagine there being a massive downside to doing that, unless conversion rates are especially nasty. If you're planning to move elsewhere, I'd say go for it.
Depends where you're escaping to and the conversion fees, but yeah USD is pretty stable and will be in the short term (10 years). Sure it might go down, but GBP and EUR are very interlinked anyway.
Idk my bank said they can hold some of my money in a different currency if I asked but I didn't ask for details. I imagine if they charge for it it'll be "charged" through awful conversation rates lol
Idk how to hold Yuan. Or at least my bank didn't offer it. They offered whichever currency Hong Kong uses though
From what I've heard nay because the fees will get you. I guess the exception is if you have a concrete plan to leave and don't plan to convert it back but at that point you don't need to ask what to keep it in.
pinging @RNAi i think they could be familiar with the reasons and means to hold your cash in foreign currency.
Hey it's a stupid and depressing matter, and also it's completely different situation in Arg than in UK.
You should hold it in a currency with holes in the coins so u can put them on a string and whip em around.
