I own two dividend oriented international ETFs, IQDG and EUDG. They comprise only a small percentage of my portfolio.
Back in the late 1970s, very early 1980s a colleague at work spent a lot of time in a small town a good ways down on the west coast of Mexico. He converted a substantial amount of his savings into pesos and deposited them into a CD or similar savings instrument in a Mexican bank as they were paying a very high interest rate, maybe 18 - 22%. Then the peso devaluations started. The bank would not return his money as he had time deposits. His losses were terrible.
Oh, the town is San Blas. It was a small fishing village back then.
San Blas Mexico | Hotels, Beaches, Nature, Things to Do