where else? melbourne (zone 2) of course.

perth is too boring (no offence to any perth-ians) and sydney is too congested.

This post has been edited by nokia2003: May 5 2010, 01:00 PM

Haha.. Me too in Melb. but zone 1.

any oz bank recommendations for term deposit and non-term deposit accounts?

Honestly i have no idea. I just came back from M'sia 4 weeks ago. All this while been with ANZ & HSBC.

I used raboplus.com.au before which I find has the highest rates.

hilo...everyone...i am fresh graduate...i hv little money wif me and i am thinking wan to buy GBP FD coz the rate quite low tis few days.

i am a newbie and wana start to make some investement...isit advisable to buy it or any other better option?

tq in advance

Not quite low. Very low.

http://www.bnm.gov.my/index.php?ch=12&pg=629#

If you look at the chart. The dip in Euro is even more pronounced.

Three years ago, GBP$1 was close to RM7.

http://www.bnm.gov.my/index.php?ch=12&pg=6...ype=Mid&unit=rm

How low can it go?

haha..is really vy low..then izit advisable to wait sum time b4 make any decision

and wat can i do to grab the exchange rate gain?

Just opened a GBP savings account with HSBC. Pretty painless. These are the fees :

Opening fees : RM100
Yearly fees : RM100
Maintenance fees : RM10/month (waived if balance more than equivalent RM20k)
Deposit : RM100 (will return RM80, minus RM20 closing account fee when closing account)

Rate was 4.7 yesterday. YEAH

what are the rates for GBP like?

my previous account in the UK (left after completing my studies there) is still idle and the monthly interest yielded is pathetic.

and why not AUD (if i may ask)?

The one that look interesting is AUD, not GBP in my opinion.
Tomorrow may drop below 2.70 against RM.

At least AUD has the highest interest rate compared to all major currencies.

Do HSBC offers Time Deposits for foreign currency which allows rollover options?

Yes. They do.

will the GBP keep increasing???

you are indeed very sharp
am thinking of opening a FCFD a/c and just googled a few

PBB 4.5% (1m) to 5.3% (12mths)
HLE 4.45% (1m) to 5.25% (12m)
CIMB 4.25% (1m) to 5.1% (12m)

Even PBB forex rate is marginally cheaper
Do you or anyone else see better deal than PBB FCFD ???
Thanks in advanced

This post has been edited by Muliku: May 22 2010, 10:04 PM

have been looking at the forex board rates of a few banks and Maybank seems to have consistently offered better rates

Some said you can even ask for a special rate at the counter which is even cheaper than their board rates.

i managed to secure AUD @ 2.75 via my housemate's HSBC early this week.

rumours/speculations are hot that the reserve bank of australia actually intervened last friday (after 12pm-ish) to keep it from dropping.

not sure if AUD will continue dropping this coming week.

but with the MYR performing poorly as well, not sure how much difference, it will make

i suspect the range support is 0.80 USD.. for Msia..

15 years ago it was Rm3.80.