Background: I am buying a condo in Japan. It is currently being built, so I have only paid 10% of the purchase price. The remaining 90% is due next year after the building has been completed. I do not have a bank account in Japan.
The conversion rate has been very favorable for those holding dollars. To capture the current favorable conversion rate, I am considering splitting my dollar amount evenly between the ETF FXY (which tracks yen price) and holding dollars. This strategy would allow me to approximate the current conversion rate regardless of future fluctuations.
Alternatively, I could wait and take whatever the rate is next year, but I prefer to be more proactive.
Options?
by brianobush
