Nov 23 2019, 01:54 PM
QUOTE(Hansel @ Nov 23 2019, 01:40 PM)
Good afternoon, forummers,....
Just enquiring here if any of you guys have brought back any foreign currencies to be entered into our Msian Banks' foreign currency fixed deposits (FCFDs) ?
I noticed our Msian Banks' FCFDs have higher interest rates than my banks do overseas.
Hoping for some opinions and advice here,... thank you, bros and sis,....
really? true or not?? Just enquiring here if any of you guys have brought back any foreign currencies to be entered into our Msian Banks' foreign currency fixed deposits (FCFDs) ?
I noticed our Msian Banks' FCFDs have higher interest rates than my banks do overseas.
Hoping for some opinions and advice here,... thank you, bros and sis,....
I think those USD FD in Cambodia etc have higher interest rates.
QUOTE(Ramjade @ Nov 23 2019, 01:45 PM)
Been there done that. Suffered loss. Hong leong was offering aud FD at about 5%p.a last time. Due to markup exchange rates (both ways) + fall in AUD = loss. However even if AUD didn't fall, would still make a loss (markup exchange rates (both ways) > 5%) 
Drop in AUD further increase mu losses
wah.... I didn't know you save in FD in foreign currencies. Might as well just use AUD to buy stocks in ASX? Drop in AUD further increase mu losses
Quote
0.0382sec
0.49
7 queries
GZIP Disabled