How to buy the Chinese Yuan for the LT

The easiest way to do it is buy futures on the CME. Cheap and easy. Just roll'em over every once in a while.



What is the ticker and the name of such future? Thanks.

 

Futures don't pay interest. last thing I knew

Plus, you pay rollover cost and lose interest from held margin.

Alex

 

This is what I am interested in also. Does anyone have any information on this?

 

Also!!
but i need a bank that i can open a account through the internet

 

Just go to China or HK, it's only a flight away.

 

it was mentioned already.
Everbank's WorldCurrency Access Deposit Accounts

 

@lwlee
thank you lwlee but everbank dont pay interest

I guess the only option is to FLY FLY FLY to china!/

 

???

"# Earn interest in the currency of your choice (with initial deposits as low as $10,000)."

 

Currency Name Symbol Balance Up To: APY Balance Up To: APY Balance Up To: APY Balance Up To: APY Balance Over: APY
Chinese renminbi CNY 80,000 0.00% 82,000 0.00% 205,000 0.00% 410,000 0.00% 410,000 0.00%




0.00% <----