Forum Archive Index - December 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Ryan,
 
> 
> I have $100,000 USD coming my way shortly :-)
> 
> In your opinion - should I:
> a.    exchange the money into NZ dollar now and put it in the bank b. 
>   exchange the money into NZ dollar now and invest it (purchase a
> small flat or shares) c.    keep the money in USD in a holding account
> (non interest bearing, I think) until the rate improves?? Say goes
> down to 60c?
> 
> I guess what I would like to know is - what are your predictions for
> USD vs NZD?
> 

Very difficult to predict that.    My best advice to you is to seek out 
exactly what the best paid high profile bank economists are thinking, 
then act on the presumption that they will be wrong......

If you can afford to, you could convert $US25,000 into NZD 
immediately, $US25,000 in three months time, $25,000 three months 
after that and so on, in a total of four 'bites'.     By doing it that way at 
least you won't bring over all your money at the 'wrong' time.

SNOOPY



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on Pegasus Mail version 4.02
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"Stay on the upside of the downside, 
Anticipate the anticipation!"




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