I've never done FOREX before but I got a pile of greenbacks sitting in a drawer and something tells me that's doing me a disservice.

I have a few questions though... is the EURO too expensive at $1.32? Banks are also suggesting buying Ukrainian Grivna's vs the Dollar which I think would be a tad bit risky. But I"m also interested in knowing the futures of other currencies such as the GB pound and what not.

Heres a cool place to get your feet wet in FOREX, also includes a paper trading program.
https://trade.pro-forex.com/