won't work well,,, you get hit with foreign exchange fees twice.

once when you convert to us, then again when you take the money out

gosh,,,seriously hard way to make a profit,, don't ya thunk?

I live in Australia and have some cash in Australian dollars that I might like to exchange for US dollars. I'd like then to invest the US funds in some sort of secure, interest-bearing term deposit.

New to money...any clues how I go about that?

TIA!