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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: hummingbird   😊 😞
Number: of 343 
Subject: Re: Currency hedge?
Date: 04/12/25 6:40 PM
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if you are just hedging french living expenses ( as I currently am ) I use buying euros in my fido brokerage, and I use moneycorp.com to hold euro , pound sterling , and dollars.

I can exchange opportunistically beyween the currencies I need. This really helped when I was buying my house 2 years ago.
the advantage also is that its a US based account so you dont have to declare it over 10K$ on any one day in the year to IRA.

I did open a french bankaccount (a lengthy process) to direct debit my house bills etcfrom, but have to manage that it doesnt go over 10. though , going forward I may just take on that hassle again. however you can pay all french bills direct from moneycorp in euros. They also have real people at the end of their phone line, which was very helpful when a glitch happened.

hope this is helpful.
PS make sure you have a CC with reimbursed foreign fees. Visa travel rewards is ok, and fido debit. the 2 way banking fees have gotten out of control since covid.
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This community has written 340 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
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