New Zealand Dollar - Tilted Forum Project Discussion Community

clavus · 03-20-2005, 01:43 PM

I figure that the dollar is going to continue to decline in value as long as George W and friends are in power, so I was going to buy Euros. But then the NZ Dollar caught my eye.

I can buy a $10,000 CD in Euros and get .85% (plus what I make on the falling dollar) or I could do the same thing in NZ Dollars and make 5% + the dropping dollar.

Why the huge difference. Is the NZ economy unstable? Is their dollar historically volitile?

Gimme your thoughts.

eribrav · 03-20-2005, 05:13 PM

I don't have any great insights into the NZ$, but you might want to check out Bill Fleckenstein at Fleckensteincapital.com. He does a lot of trading against the dollar.

Curious as to how you are going to make your investment. I've heard of using Everbank for foreign denominated investments. Are there others?

clavus · 03-20-2005, 10:54 PM

Everbank is what I was going to use.

Squeegibo · 04-01-2005, 05:33 PM

Be careful investing in currencies now. If the Federal Reserve continues raising interest rates, the US dollar will (probably) start to climb against foreign currencies.

03-20-2005, 01:43 PM	#1 (permalink)
clavus pow! Location: NorCal	New Zealand Dollar I figure that the dollar is going to continue to decline in value as long as George W and friends are in power, so I was going to buy Euros. But then the NZ Dollar caught my eye. I can buy a $10,000 CD in Euros and get .85% (plus what I make on the falling dollar) or I could do the same thing in NZ Dollars and make 5% + the dropping dollar. Why the huge difference. Is the NZ economy unstable? Is their dollar historically volitile? Gimme your thoughts. __________________ Ass, gas or grass. Nobody rides for free.

03-20-2005, 10:54 PM	#3 (permalink)
clavus pow! Location: NorCal	Everbank is what I was going to use. __________________ Ass, gas or grass. Nobody rides for free.

03-20-2005, 05:13 PM	#2 (permalink)
eribrav Junkie Location: upstate NY	I don't have any great insights into the NZ$, but you might want to check out Bill Fleckenstein at Fleckensteincapital.com. He does a lot of trading against the dollar. Curious as to how you are going to make your investment. I've heard of using Everbank for foreign denominated investments. Are there others?

04-01-2005, 05:33 PM	#4 (permalink)
Squeegibo Upright Location: Maryland	Be careful investing in currencies now. If the Federal Reserve continues raising interest rates, the US dollar will (probably) start to climb against foreign currencies.