must be careful with conversion only
cause u always buy the currency at a higher price compared to when you sell it, need to know how to cheong at the correct time
Anyone know about foreign FD?
Anyone know about foreign FD?
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Apr 14 2008, 10:14 PM
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#1
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Senior Member
675 posts Joined: Jan 2008 From: Heaven |
must be careful with conversion only
cause u always buy the currency at a higher price compared to when you sell it, need to know how to cheong at the correct time |
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Aug 12 2008, 12:28 AM
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#2
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Senior Member
675 posts Joined: Jan 2008 From: Heaven |
i think foreign fd is not a feasible way of expanding your money's worth. it helps protect your money's value only at best. furthermore, the term 'fd' is misleading, because it doesn't take into account the change in currency rates
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