Monday, October 1, 2012

Should I switch my HK dollar savings?





Should I switch my Hong Kong dollar savings to Australian, or New Zealand, dollar term deposits to get better returns?


Current returns on Hong Kong dollars are negligible unless you have a relatively large sum to invest for a long term, so anything looks good by comparison. Take HK$3.5 million invested for six months. Your return would be about 1 per cent per annum whereas that same amount converted to Australian or New Zealand dollars and invested for the same period would give you a return about four times higher.









via Business feed http://www.scmp.com/business/money/expert-qa/article/1049532/should-i-switch-my-hk-dollar-savings

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