I HEARD THE RADIO TO SAY NZD IS 4.01X THIS MONRING, WHY NZD RISE MUCH IN HONG KONG TIME. WILL IT BE DOWN AGAIN IN 29 JAN 09 AGAIN.
currencies are very fluctuate, it can be 4.01x this morning. radio/TV normaly quote sell price, i.e. the price sell by bank to you. so if u buy this morning, should be around 4.03x. i bot it at 4.09x 30 mins ago from BOC. BOC rate is already quite good as compared to HSBC.
no one knows will it be down further. but i think it's more attractive to buy NZD now than AUD. Will buy AUD if it drops below 4.85.
but u know currencies are very fluctuating, can be more fluctuating than stock. it's difficult to 買當頭起. e.g. NZD can be 4.5 today, but 4.3 tmr, then 4 the next day. Or 4 today, 4.3 tmr, 4.6 the 3rd day.
if keep for long run, no problem. i m not a day trader on currency.
don't use 1 big lumpsum to buy anything, buy it bit by bit at different price levels.