I had put some money (actually, quite a huge amount as that’s the minimum requirement) into New Zealand dollar few months ago as the “Foreign Currency FD” in Public Bank. Being blind by greed, they have high interest rate, from pass 10 years history, NZ Dollar has never dropped below un-accepted level. But, recently, it drops badly, very bad.
The interest rate is dropping fast as well, following the rate cut by the country. I am now considering, should I buy more but the interest rate is no more attractive at this point of time which it only has 5++% or should I cut lost? All kind of ‘expert’ is predicting US will rise, and don’t know why it rises, but all other currency will drop.
No comments:
Post a Comment