The Indian Rupee Account – Making money on foreign currency CD’s

In my post What a Weak Dollar Means to the U.S. Investor I gave investing in foreign CD’s as a viable option to play the weakening U.S. Dollar. I mentioned that I had an Indian Rupee account. Well last night I calculated out my gains so far and put it in a spreadsheet to break out return from interest as well as currency exchange gains.

Taking into account this is only for a 9 month period, it looks pretty good. Also the dollar depreciation is continuing so I’m expecting another 1-2% gain on currency exchange by end of year. With my quarterly interest payment at year end I should be able to approach a 15%+ return on the year.