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 Foreign Currency Fixed Deposits, What's your view?

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wodenus
post May 31 2007, 06:49 PM

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QUOTE(satur9 @ May 31 2007, 06:22 PM)
Then which currency would you recommend for a modest amount (say equivalent of RM100k)?
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Who can tell the future ? currency is an artificial market, governments and people with really big money play with it a lot. Speculators attack it, governments support it, in the end there can be really wild swings sometimes. Using a foreign currency as a ringgit hedge seems to me to be a strange strategy because its entirely possible for two currencies to be attacked at the same time. I think you should maybe talk to a wealth management consultant (you can find them in most banks, you just have to prove that you actually have enough wealth to manage biggrin.gif ) Also if you can check the historical prices at Oanda.com or somewhere, I think that can help you decide as well.

This post has been edited by wodenus: May 31 2007, 07:39 PM

 

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