How to hedge exchange rate?

[Little Richie]

Originally Posted by barry

I have a US dollar account at the Credit Union I deal with down the road, can those in the US not open a Canadian dollar account at their local bank or Credit Union and hold the money their until needed?

Barry

I have not read all of the comments. I have successfully "hedged " my $CD exposure.

While traveling I opened a USD account at a TD US branch in Maine. I then had to make a cross boarder trip go a few hours to open up a foreign owned CD account. (There are several US forms to fill out, including a W9. I should note that I opened a NON-INTEREST BEARING ACCOUNT. This is important! I then moved the money through TD and had them do the conversion.

There are not many options HSBC offers expat type services, but requires large balances. This is the best I found.