Watching the yen continue to weaken everyday, I would like to start putting aside a portion of my money in more stable currency (e.g USD). I'd start this by converting a fixed amount of yen to a USD each month.
Does this make sense? What would be a good way to do this?
I was thinking of doing it through Wise for at least the currency conversion part. I am not sure about using Wise as a long term savings account, so I am thinking ultimately I should put in an actual bank. Would a multi-currency account in Japan be better, or an account back at home or in another country? (I am not a US citizen).
I probably should have started this 3 ~ 4 years ago but better late than never.
by Ambitious-Yak1326