From the category archives:

Currency

New Zealand dollar is dropping

January 3, 2008

Just when I was about to start a foreign currency deposit account in New Zealand dollars, I read in the papers today that the currency has depreciated against the Yen. This will mean that the interest I get to earn will be lower. I’m holding my brakes now…I don’t want to make an impulsive entry [...]

Continue Reading This Article →

Foreign Currency Deposit

December 31, 2007

I’m tired of earning the pathetic interest rates from a bank account. Whether it’s a savings account, current account or a hybrid, I’ve never earned anything sizeable from the bank.
I’ve seen a lot of advertisements by banks on foreign currency deposit accounts offering much higher interest rates than any local currency fixed deposit could ever [...]

Continue Reading This Article →

New note

December 22, 2007

It’s funny how fickled our central bank is. We’ve changed notes so many times as far as I can remember. We used to have a 20-dollar bill but for whatever reason, it was terminated. Then came the 1-dollar coin. Soon, some smart alec thought it wasn’t so brilliant and they did away with the coin. [...]

Continue Reading This Article →

Read Next Articles →