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Most banks are lowering the interest rate of Euro or minimising keeping of Euro, due to the depreciation and unstability. But I discover ICICI bank is rising the interest rate for Euro.
Any reason for doing so ?
A$ dropped from S$1.34 to S$1.25...NZ also has potential S$0.99
I hold my own birdy :)Hulumas ( Date: 22-Aug-2011 10:42) Posted:
I hold RMB, SGD, RP and MR currencies, Those are our safe fixed income asset world, I suppose.
JUNWEI9756 ( Date: 19-Aug-2011 02:34) Posted:
| My recommendation would be not to touch anything related to Euros.. Anything can happen to them anytime... Just one time pain pain switch back to a more stable currency.. Can't be helped. |
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I hold RMB, SGD, RP and MR currencies, Those are our safe fixed income asset world, I suppose.
JUNWEI9756 ( Date: 19-Aug-2011 02:34) Posted:
My recommendation would be not to touch anything related to Euros.. Anything can happen to them anytime... Just one time pain pain switch back to a more stable currency.. Can't be helped..
kiwi77sg ( Date: 19-Aug-2011 01:16) Posted:
Hi,
I'm holding some Euro currency and is unwillingly to exchange to Singapore dollar due to low currency exchange rate. Is there any way where I can maximize my Euro ? Recommendation of high interest rate or free deposit & withdrawal from banks ?
Presently, I had looked into the following ways but none seem ideal for me
1) Deposit into saving account but incur deposit / withdrawal charges, low interest rate and low currency exchange rate.
2) Deposit into fixed deposit but same problems as point 1.
3) Purchase European stocks / funds / bonds but with the unstability in Europe, the risk is too high.
4) I am idiot to investing in European property and unknown to the risk involve.
Hope to hear genius suggestions from you.
Cheers
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This is a good suggest and will sell those branded to you...
Juzmoi78 ( Date: 19-Aug-2011 04:49) Posted:
Go Europe n have a good trip, buy LV, Gucci, Chanel etc and return to Sg to sell....  |
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Go Europe n have a good trip, buy LV, Gucci, Chanel etc and return to Sg to sell....
My recommendation would be not to touch anything related to Euros.. Anything can happen to them anytime... Just one time pain pain switch back to a more stable currency.. Can't be helped..
kiwi77sg ( Date: 19-Aug-2011 01:16) Posted:
Hi,
I'm holding some Euro currency and is unwillingly to exchange to Singapore dollar due to low currency exchange rate. Is there any way where I can maximize my Euro ? Recommendation of high interest rate or free deposit & withdrawal from banks ?
Presently, I had looked into the following ways but none seem ideal for me
1) Deposit into saving account but incur deposit / withdrawal charges, low interest rate and low currency exchange rate.
2) Deposit into fixed deposit but same problems as point 1.
3) Purchase European stocks / funds / bonds but with the unstability in Europe, the risk is too high.
4) I am idiot to investing in European property and unknown to the risk involve.
Hope to hear genius suggestions from you.
Cheers
|
|
Hi,
I'm holding some Euro currency and is unwillingly to exchange to Singapore dollar due to low currency exchange rate. Is there any way where I can maximize my Euro ? Recommendation of high interest rate or free deposit & withdrawal from banks ?
Presently, I had looked into the following ways but none seem ideal for me
1) Deposit into saving account but incur deposit / withdrawal charges, low interest rate and low currency exchange rate.
2) Deposit into fixed deposit but same problems as point 1.
3) Purchase European stocks / funds / bonds but with the unstability in Europe, the risk is too high.
4) I am idiot to investing in European property and unknown to the risk involve.
Hope to hear genius suggestions from you.
Cheers
