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18-06-2012, 05:10 PM
(18-06-2012, 04:49 PM)guru Wrote: Hi,
is there any members putting spare cash in FD of Malaysian banks in Malaysia? The 12-mth FD are giving rates of 3.15%. This appears very high vs what the local banks are offering. Any thoughts on this?
I think you may need to consider the exchange rate first.
Long long ago, the exchange rate was RM1.70+ to S$1.00. Today it's like RM2.40+ to S$1.00. So that is how many %tage loss in principal? Our little red dot currency has always been stronger.
Unless you want to keep the money there for some other purposes, like buying a house, or open a trading a/c, etc.