<prompt> Human: Interest rates got hiked to 40, would it be worth speculating over there? Dump some cash into a Argentinian saving account for a year?Interest rates where I live are around 2, which while a sign of a healthy economy, makes saving boring as hell!!  <response>: The exchange rate is currently 22 pesos to 1. Lets say you put 100 in today 2200 pesos in one year you will have 3080 pesos from that 40 interest gain. You are betting that the dollar exchange rate one year from today will be than 30:1. Considering the ongoing devaluation of the peso, taxes on the interest, bank transfer and other fees, various taxes the Argentine government may expect you to pay, as well as what is going to likely be a retail exchange rate, I would say.. Hell no! Besides, cash is not an investment, it is not a productive asset. 