Shares & Derivatives
Should I put money in a foreign currency fixed deposit?
By A Singaporean Stockmarket Investor (ASSI)  •  January 26, 2015
Long, long time ago, I was attracted to the high interest rates of a foreign currency fixed deposit. Upon maturity, the interest received was not even able to cover the exchange rate loss. Ouch. 不好玩 No more such adventures for me. Once bitten, twice shy. Even now, why do banks give higher interest rates for foreign currency fixed deposits in A$ but a lower interest rate for US$? Why? Why? Clue:
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By A Singaporean Stockmarket Investor (ASSI)
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