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Investing in Foreign Currency from New Zealand
I'm going to Europe for 4 months in July next year, and have a fairly significant amount of cash (About NZ$20K, which is about US$14K- significant for me anyway) sitting in the bank for spending money. I read the business part of the local paper from time to time, and over the last month or so they have reported that the Kiwi is very high at the moment, and likely to fall in the new year.
http://www.nzherald.co.nz/category/s...ectid=10413100 http://www.nzherald.co.nz/category/s...ectid=10413819 http://www.nzherald.co.nz/category/s...ectid=10414720 Obviously, I like to protect my savings from devaluing between now and when I go (July), or even better, to make some money in the interim. Any reccomendations on what I should do? |
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