interest paid doesn't matter to which currencies it refers to (AUD/myr). x% of RM/AUD is still the same. (assuming the buying & selling rate is the same)

No brainer to Foreign FD, enter low, sell high. that's all. matter of catching the right timing

I am quite keen, when is the right timing, any idea sifu? Mind giving some tips.

there's no right timing..juz monitor it

Thanks. I will.

don't go for AUD now.

it is extremely overvalued at the moment.

i'm just waiting for AUD to reach in parity (or at least sufficiently close) with USD.

if does happen, it will not reflect well on MYR

This post has been edited by nokia2003: Sep 17 2010, 05:38 PM

IDR FD is 5.75%-6.25% pa for 1 month deposit. . Good potential for this up and coming country, but still relatively unstable.

This post has been edited by gark: Sep 17 2010, 05:46 PM

Ya thats what I thought too, we should all wait for now.

Hi guys,
Currently i am working in Ireland and would like to transfer some amount credit to Mas but i dont have any account and my Aunt is going to open for me so which bank is the best to transfer and save Euro currency for 1 month fixed deposit?Or free means can log out credit anytime?

Anyway,Sorry for troubling guys as i am a newbie here =)

Disappointment risk: Aussie dollar '27% overvalued'

Australia's dollar, this quarter's best performing major currency, is now the most overvalued.
Purchasing power parity, a measure of the cost of goods relative to other countries, shows the so-called Aussie is 27 per cent too expensive, according to data compiled by Bloomberg. The median estimate of strategists and economists is for it to weaken 6 per cent by year-end, the fourth-worst performance of 31 currencies tracked by Bloomberg...


Read more here


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RBA is most likely gonna increase the overnight cash rate next fortnight.

so...

two contrasting news.
One, the AUD is overvalued and will drop.
Second, Australia economy is growing robustly and rate rise is lightly to be increased which will increase the AUD.

One thing to note is that AUD is commodity driven. If AUD drop, that means demands for commodity decrease, world economy in decline, possible the 'predicted' double dip.

Edit: Heard that ringgit is the best performing asian currency. So is ringgit overvalued as well?

This post has been edited by jphlau: Sep 20 2010, 02:07 PM

hmmm, IMHO, AUD will definitely continue to appreciate until at least first quarter of 2011.

flash back to february 2010, i purchased my AUD at 3.08, so touching that all high level, shouldn't be much of a problem.

rumours are hot for overnight cash rate to hit 4.75% (and even 5%) soon from the current 4.5%.

i think for foreign FD, better choose country which is politically stable, and less natural disaster. correct me if i'm wrong.

Anyways, AUD is sky rocketting these few weeks

For those who had bought @ 2.7x/ low 2.8ish , would have made some handsome returns as it's hitting 3.00 soon.

Eg; bought @ 2.75, if resell @ 3.05, gain= 10.9% . just from the conversion rate, have not factored in %interest

even more if their AUD were purchased during GFC @ 2.25.

my tuition fees were bought at that rate.

the AUD is extremely volatile and hence to a certain extend risky.

Yup, AUD is extreme volatile, but fundamentally, its currency is indeed much much better than the rest like GBP, USD.

brace yourself for this upcoming tuesday as RBA announces its decision to raise the overnight cash rate or not.

if it does, i believe that the increase will be a jump and thus sending the AUD shooting through the roof!

it is already 3.000 as i'm typing this.

Australia is in first level of two speed economy. Commodity is driven high but Retails r slowing.. depends where & how...so yeh.

its already 3.05 now. over the roof vs ringgit. Now ringgit also predicted to USD also 3.09, 4 cent different.

soon will see A3.10 - USD3.00....

something big is happening soon!

This post has been edited by KVReninem: Oct 7 2010, 10:16 AM

Hi,

A friend mentioned that Citibank is offering 7% pa for AUD time deposit. I called Citibank and only offering 4.5%. Maybe only for their Citigold customer?

Anyone has any idea which bank offering good rate for Foreign Currency Time Deposit? Would like to do either 3 months placement.

Thanks.

Public Bank has always been offering the highest rate when it comes to foreign currency fixed deposit. A 12-month placement will get you 5.30% while 3-month placement is 4.65% only.

Is it suitable to invest in AUD for fixed deposit? I saw the AUD is very high now.