Given the Grexit and ECB money printing, the Aussie is probably at it’s highest, relative to the Euro for the moment.
Any ideas how to diversify a portfolio slightly to take advantage of this arbitrage?
A: No really easy way for a private investor to take advantage of an expected lower AUD/EUR.
If you are happy to take on equity risk, buy some shares (or ETFs) on the London Stock Exchange or the DAX. Try ishares or Vanguard for local (UK or German listed) ETFs.
Alternatively, try some of the Australian listed ETFs – VEU or IEU are probably the closest..
On the currency side, open a Euro or GBP bank account. HSBC, CitiBank. Commonwealth Bank offer these (possibly the other majors as well). Don’t expect to earn any interest – and watch the buy/sell spreads on transfers!
