Sunday, August 19, 2007

Invest in AUD and NZ dollars

I asked a banker, if it is time to invest in the AUD and NZ currencies, as it has dropped by 10% against the yen. It seems to be at a more acceptable level now. He said that it is probably a good investment, as the interest rate in AUD and NZ are quite high, compared to other currencies.
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3 comments:

  1. AnonymousAugust 20, 2007 11:52 PM

    Hi Mr Tan,

    May we know where and how can we invest in foreign currencies like AUD and NZ?

    ReplyDelete
  2. AnonymousAugust 22, 2007 2:26 AM

    The yen carry trade has not finish unravelling yet. So the other currencies still have room to drop. I think it is still too early to go into Australian and New Zealand dollar yet. Just my thoughts.

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  3. AnonymousOctober 03, 2008 12:03 AM

    Dear Feline,

    You can check with your local bank on FX FD rates and tenure. I also believe it is a good time to buy into AUD or NZD at this point in time. However, I am waiting for the market to stabalise a little more. There is word that the AUD might dip a little more towards the year end. Hope this helps. Mr Tan, am I about right?

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