From: "darkness39@yahoo.com" 
Newsgroups: misc.invest.financial-plan
Subject: Re: best currency for future plan
Date: Wed, 20 Jun 2007 11:21:01 -0500
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On Jun 13, 10:11 am, "monrae  fordi"  wrote:
> We have a relative who is working in Japan and after saving a bit of  money
> wants to convert it to a different currency, since they will leaving Japan
> shortly.
>
> What would be a good currency to save it in, over the long term?  How would
> one seek out some kind of financial indicators as to the best currency to
> select?  A friend suggested the U.S.A  dollar, but would that be a good bet?
> Thanks

If they are going to the UK, then they should save in pounds.  That
way they minimise the risk of currency losses.  Any other strategy,
the currency losses can easily wipe out any gains from a higher
interest rate.

Who knows what the pound/dollar, pound/euro or pound/ yen rate will be
in 12 months time?

You should be able to get around 5% on a good UK savings account.
Note unless it is 'offshore' then 20% of interest paid will be
withheld at source (UK tax law).