Minor achievement

  What is Currency Carry Trade? "A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used. " quoted from http://www.investopedia.com/terms/c/currencycarrytrade.asp Value?  The value of this investment depend on the currency being used. Since most high interest currency belong to third world countries, their currency tend to be very unstable. For example Argentina which have an interest rate of 8.18%(at the time of this post) but due to it the 2014 Aug Default, no sane investor would consider getting this bond. If the trader get the safer developed countries currency, the interest rate tend to be lower. So in order to get the same return as third world countries, the trader would need to leve