I am not some investment specialist but ive had a good share of experience in analysing markets and trends. This is what i will say to you: Forget about AUD. When u talk about currency pricing you must always relate it to its average benchmark price. All currencies will move up or down before reverting back to its benchmark price sooner or later.

The AUD is currently trading ABOVE its historical average. The real AUD - MYR price is approx 2.5-2.6. Which means that if you go in now you risk losing heavily should the currency retract to its median range. I advised many friends to go in when the AUD was trading at 2.10 around January 2009. That would have been the best time. But now its too risky. I personally do not expect the AUD to go up beyond 2.90 unless the ringgit crashes.

What's happening to the Euro now is a typical case of a currency retracting to its median. The only reason why there's a big hoohaa is because its crash was much faster than anticipated. Most financial investors were predicting the Euro to correct downwards towards its benchmark 0.8 to the USD sooner or later but didnt expect it to crash so soon.

Therefore, i would NOT recommend anybody to buy EURO as it is trading above its average benchmark. The currency will never cross the RM5.00 range anytime within the next few years. It may not even cross the RM4.50 barrier as well.

There is a reason why many international investors are getting out of currencies. Its because once 1 currency starts correcting then the others will follow untill all major currencies 'normalise'. This is a common trend and its cycle has always happened over the years.

Also please forget about FD's. Its a real waste at the current rates. If ure interested in investing then go into gold or silver. But make sure u dont get involved in some get rich scheme. Stick to Maybank / Public Bank. For silver is more difficult since no bank trades in it.

There are many non malay bumi's who have the ASB. Not just for Malays. Even Siamese, Portuguese, etc also have ASB rights. I tumpang my wife who is bumi (wont mention which la) and returns are really good. Bout 8-9% per annum. Ive already maxed out the account 2 years ago. Returns about RM20K per annum and rising.

Give us more info on the terms and conditions and the FD itself la. What for just put a few lines of info.

Whether or not its a good deal will depend on what u intend to do with that money. If ure going to invest in something that gives u more interest than 10.75%, then it may be worth it. If not, its a waste.

Where's the 3 month 3%??

Annual return of 3%????

Yes exactly. Most ppl just look at the rates and claim this is better than that without looking at the terms and conditions. Even HSBC has got the foreign currency promo for 8%+ plus when u look at the T&C its really bad and will result in losses for the investor.

So dont blindly quote anything. If anybody wants to post FD rates then please include the main T&C as well.