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Thread: High interest rate currencies

  1. #1

    High interest rate currencies

    Some currencies have a higher interest rate than others. Right now a few of the highest interest rate countries that can be easily traded are the Australian Dollar and the Russian ruble. The Australian Dollar sits at a an interest rate yield of 4.75% while the Russian ruble sits at a rate of 8.25%. What are your thoughts on these currencies, are they good investments?

  2. #2
    Just a quick update. A few other high interest rate currencies are the New Zealand Dollar and the Mexican Peso. These currencies tend to inflate rapidly so they may not be great investments. The Aussie right now looks like it is strengthening, and investing with the Reserve BANK of Australia's currency might be a good opportunity here.

  3. #3
    Junior Member
    Join Date
    Oct 2011
    Posts
    10
    Right now the Australian dollar is considered to possibly be in for an interest rate pullback in the near future. That's what some analysts believe. Russian ruble is a bit of an unstable currency but if you can handle the risk I'd trade it for sure. Usually what you risk is what you stand to gain..

  4. #4
    Junior Member
    Join Date
    Jan 2013
    Location
    California
    Posts
    10
    You may have noticed the high interest rates that the credit card companies use on their loans in 2010. This is the main reason that your debt is so hard to pay back and doesn't seem to decrease even if you make monthly payments. Interest rate is an added value on your loan and is how the credit card companies make a profit off their clients.

  5. #5
    Junior Member
    Join Date
    Nov 2013
    Location
    New Zealand
    Posts
    11
    Really so informative stuff...I also think australian dollar is more stable...

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