Hi, all the sifu.
Whats the risk of foreign currency fixed deposit?
Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
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 Nov 1 2012, 10:24 PM
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#1
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Junior Member
93 posts Joined: Nov 2008 
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Nov 1 2012, 11:16 PM
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#2
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93 posts Joined: Nov 2008
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QUOTE(gsc @ Nov 1 2012, 11:02 PM) biggest risk is exchange rate loss. Just look at any bank on the foreign currency exchange rate on buying and selling. Buy now and sell immediately will cost you 2.7% tp 3%. Currently only Aus $ interest rate is slightly better than local interest rate. Earlier RM advised to go in when Ringgit to AUS$ was 3.15 but I didnt. I see. so for example when i deposited at RM3.2/1AUD, I can only earn when it is above RM3.2/AUD?  And what about fixed deposit works? If I deposit RM10000 for 3months at the rate of 3.0%, i get back RM10900 after 3months? Thank you for your time  |
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Nov 2 2012, 12:00 AM
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#3
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Junior Member
93 posts Joined: Nov 2008
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I see.
If I only deposit RM10k for 1month at rate of 3.0%, I'll get RM10300 at the end of the month? Public Bank FD rate |
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