Most of us think about banks for checking and savings accounts, tellers and ATMs, but don’t know about the wide array of services some banks offer. In my time working in a bank, I learned a ton about what we had to offer, and some larger, national banks offer even more.
foreign exchange
How FOREX Works
If you have ever heard about people making millions (or losing millions) of dollars on currency speculation, you are not alone. I have read stories about being making and breaking the bank by investing in Euros, Pounds, Yen, Shekels, Yuan, Baht, Pesos, and a slew of other currencies. From the grand entrance of the Euro to the Asian Currency Crisis in the 1990s, the Foreign Exchange, or FOREX, markets are an important investment opportunity.
Paying for Stuff Abroad
I am nearing a vacation that is going to take me to cities with two foreign currencies. While my international travels to the Caribbean and Latin America allowed me to use my US dollars, I am not planning on the same luxury in England and the Eurozone.