How to eliminate currency risk in portfolio?

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Updated January 6, 2015

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How to eliminate currency risk in portfolio?

humseper · 2015-01-06T06:04:54-05:00

Hi About a year ago I transfered most of my money to Interactive Brokers and changed from my danish currency to USD. Since then the dollar have risen quite a bit compared to the danish kronem which is tied to the euro. How do I lock in this gain, while still being able to keep my dollars? Do I buy the equal dollar amount in euros and thereby is being hedged? And what willl that cost in comissions and other expences?

January 6th, 2015, 06:04 AM	#1 (permalink)
humseper copenhagen Elite Member Experience: Beginner Platform: ninjatrader Trading: ES Posts: 87 since Jun 2013 Thanks Given: 8 Thanks Received: 42	Hi About a year ago I transfered most of my money to Interactive Brokers and changed from my danish currency to USD. Since then the dollar have risen quite a bit compared to the danish kronem which is tied to the euro. How do I lock in this gain, while still being able to keep my dollars? Do I buy the equal dollar amount in euros and thereby is being hedged? And what willl that cost in comissions and other expences?