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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?
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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.
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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..
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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.
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Really so informative stuff...I also think australian dollar is more stable...
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