You need to hold foreign currency for personal or investment purposes
You want competitive interest rates
You would like to invest in a wide range of currencies, including USD, Euro, GBP, and NZD
You would like to choose between at call or fixed term account
Highly competitive rates with interest calculated daily
Funds can be easily available or locked away for a fixed term
No up-front or monthly account keeping fees
The ability to manage your foreign currency needs in Australia
A wide range of currencies to choose from including USD, Euro, GBP, and NZD
Further diversification of your investment portfolio
Minimum investment $10,000 AUD or equivalent in another currency
A "transparent" market - Foreign currencies are traded almost 24 hours a day in different market centres around the world. Individual investors can get updated information on exchange rates and interest rates on all major currencies easily and can trade through well established banks and financial institutions.
High liquidity - Most foreign currency can be regarded as a cash equivalent asset in your portfolio. With the heavy trading volume, you can ensure your asset liquidity and enjoy greater financial flexibility.
Attractive returns - The high volatility of the market can allow experienced investors to profit within a relatively short period if the rates move in their favour, offering higher return potential over a flexible investment time frame.
Convenience and flexibility - Investors do not have to deal with the time-consuming paperwork associated with foreign currency investments.
