Dual Currency is marketed to both retail and accredited investors. It is another lemon product that is meant to reduce the networth of the investor.
Many investors thought that if they would to bet on two currencies and get converted to the currency that has weaken over the time period, they get to buy at a lower price. They are wrong as the conversion price used is based at the beginning of the investment – not at the end of the investment period. Just like ELN, they end up with large losses.
To make it worst, they still think their losses are not ‘realised’ if they do not convert the foreign currency back to their home currency. This is known as mental accounting and is a well-documented irrationate behavior.
For a more thorough write-up on dual currency, you can read this article: Why is dual currency a lemon?
It is not true that you will be buying the foreign currency at a lower price if you get converted. In fact, you are buying the currency at the worse price.
Dual Currency tends to be invested by investors who are irrationate.
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