How to slash currency conversion rates

- By FX Markets Staff
- @FXMarkets_
- 26 Apr 2004

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Background: Many investors, especially private clients, are familiar with the concept of a Dual Currency Deposit. For example, a dollar deposit flippable into euros may be attractive to an investor who is looking for enhanced yield and is prepared to receive euros rather than dollars. The client would receive a high yield, and if the dollar strengthens significantly against the euro, they would receive their notional and interest in euro. During periods of sustained dollar weakness, the deposit

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