<prompt> Human: I live in South Africa where the currency has been dropping like crazy, particularly against the dollar. It hit me the other day that as the currency drops the price of everything will increase. For example, if we import maize from the US, and that feeds chickens, eventually the meat prices will increase. As an individual I havent felt the effects yet. But I realize that as our currency decreases in value, so does my income and savings.How would you handle this? Is there a way to use a situation like this to my advantage?  <response>: Fellow countryman here.You have a few options, namely:- Purchase allocations in DBX World US EU Japan which are available on the JSE Johannesburg Stock Exchange. These are ETF counters offered by Deutsche Bank which will protect from local currency risk.- Deposit to an international Unit Trust feeder fund referred to as Mutual Funds overseas. A feeder fund means that you deposit in Rand, then the financial institution handles the paperwork on your behalf. Keep in mind that withdraws will be in Rand.- Deposit in a foreign domiciled Unit Trust. Many of these are available and withdraws are not in Rand.- Open an offshore bank account. This will not produce any market growth but does still protect the buying power versus hard currencies.An example would be Standard Banks Optimum Account which offers the selection of most major currencies, including US Dollar but has the lowest minimum deposit requirement approximately R80 000. I have this account and opened it locally.There are far more concerning risks such as further credit ratings downgrades, etc which is why I personally intend to emigrate during the course of this year or latest first half of next year.Good luck. 