Currency speculation

[GFL]

With the exchange rate now 3 to 1 USD vs ARS
What would you invest in if you were speculating that the Peso would appreciate vs the Dollar maybe to a ratio of 2 to 1 or 1.5 to 1?
Exchanging USD at 3 to 1 now and depositing the Pesos in an Argentine bank account seems simple enough but not an option for everybody.
Interested in some thoughts and stratagies including bonds and real estate.

 

[sergio]

You're crazy if you deposit more than a minimal amount in an Argentine bank account. Don't you know what happened here a few years ago?

 

[GFL]

So how would you speculate the currencies ?

 

[Granadaiscool]

If Menem becomes president I transfer my Euro´s to peso´s

 

[Granadaiscool]

To get a more informed view

Peso to Euro

2-6-2002: 0,302
2-6-2003: 0.299
2-6-2004: 0,289
2-6-2005: 0,282
2-6-2006: 0,253
2-6-2007: 0,244

So basically in the last 5 years the peso has lost 23% of it´s value despite begin in boom period

1 to 4 is closer then 1 to 2,5