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[Question] on Time Deposit


複式洋房

國民生產總值:316


發表於 06-8-3 10:29 |顯示全部帖子

[Question] on Time Deposit

Please kindly advise that is it good time to convert Hong Kong Dollar to CAN (@6.8925) or AUD (@5.9335) now ??? As they are quite high now.

I wanna place $$ deposit for one month (Annual Interest Rate for CAN is 15.215% and AUD is 16.25%) , which one is better according to the above fact. Many tks!


別墅

國民生產總值:965


發表於 06-8-7 00:24 |顯示全部帖子

Re: [Question] on Time Deposit

it depends on how long your deposits are for and whether you have geniune needs for those currencies.
i think both CAD and AUD is quite high now.
personal opinion - seems better with AUD if only given these 2 currencies, for the past 6 months, CAD has been having resistance at 1.10.
alternatively, maybe you can choose a better strike price (obviously relatively lower return)?


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