NZD/ AUD vs SGD

[Philipkee]

Do you think NZD and AUD will rise against SGD in the coming months? Thinking of putting them in foreign currency fixed deposit. With the interests, should earn just that if the currency moves against me, will take longer to earn.

[Taipan49]

Do you think NZD and AUD will rise against SGD in the coming months? Thinking of putting them in foreign currency fixed deposit. With the interests, should earn just that if the currency moves against me, will take longer to earn.

 

I am bearish on Aussie. Mining exports falling leads to lower AUD demand. Interest rates being lowered leads to lower AUD demand. And then you have Federal politics being in a big mess and an election coming up sometime in the coming months.

 

Article to read here: http://www.smh.com.au/business/markets/her...0628-2p0um.html

 

[Old-driver]

If you are not holding to the AUD and wish to convert them, better keep your SING$$

[Vivant511]

I am bearish on Aussie. Mining exports falling leads to lower AUD demand. Interest rates being lowered leads to lower AUD demand. And then you have Federal politics being in a big mess and an election coming up sometime in the coming months.

 

Article to read here: http://www.smh.com.au/business/markets/her...0628-2p0um.html

 

I second this view. The AUD is correcting to its long term rate against the USD, and so you will see that the SGD in effect will strengthen against the AUD.

[Soya]

Do you think NZD and AUD will rise against SGD in the coming months? Thinking of putting them in foreign currency fixed deposit. With the interests, should earn just that if the currency moves against me, will take longer to earn.

 

AUD is poised to weaken further.

 

[CH_CO]

short term bullish , long term bearish.

[Philipkee]

I have put some money in AUD in NZD. The plan is for the capital and interest to roll over monthly. If the exchange rate goes against me, I will just accummulate the interests. Long term I hope to earn when the market changes. If the exchange rates becomes favourable, I will cash out.

 

If long term low maybe i use it as opportunity to go for more holidays in australia and new zealand

 

Hope it will not be like USD though. When it breached 1.5 SGD to 1 USD, i tot it cannot go lower but it stayed low all these years (lucky I never invested then)

 

[Soya]

dun worry abt being stuck wif it for too long - AUD is quite resilient. when the lehmen thingy hit in 2008, AUD drop to 1.01-1.03. accumulated and it went back to 1.28 within a year.

 

[Duckduck]

If RBA says not rate increases its hard to make a bullish aussie case. Watch china if that they recover aussie will rise

[Mcf777]

Didnt know AUD drop so much....the last trip i changed around 1.30. Better go and top up some for my next year trip.

 

[Philipkee]

Nzd and aud appreciating against sgd. sustainable?

[Philipkee]

Just to update status, i terminated my forex account. Earned over a thousand dollars.

[Rustyz]

Just to update status, i terminated my forex account. Earned over a thousand dollars.

 

 

congrats. your investment sum should be quite a big sum

[Windwaver]

AUD should continue to stay strong

[Philipkee]

QUOTE (Philipkee @ Oct 3 2013, 09:16 PM) <{POST_SNAPBACK}>Just to update status, i terminated my forex account. Earned over a thousand dollars.congrats. your investment sum should be quite a big sum

Yes. 40 k in NZD 5 k in AUD. lost about 100 dollars in Aud but gained more in nzd.

[ShepherdPie]

AUD moving upwards.. anyone has any view regarding the movement of the AUD in the next 3 mths ?

[Enye]

Just to update status, i terminated my forex account. Earned over a thousand dollars.

 

earned about 2-3% over 1 quarter on risky investment

 

on hindsight, was the gain worth the risk?

 

[Soya]

 

earned about 2-3% over 1 quarter on risky investment

 

on hindsight, was the gain worth the risk?

 

 

dabbled wif currency linked investment for a short while in AUD & GBP. strike horizons are quite short n gotta keep monitoring to get a sense of the movements to prepare for next call. was underwater for a while but eventually made some pocket money. find that the risk vs returns are not very attractive. or maybe i juz hv a lousy RM......