Quote:
Originally Posted by CunningStunt
I closed my offshore HSBC US$ account about 3 months ago (US$10K min deposit to open) after looking at the "expert advice" predicting the US$ / AUS$ would remain around $0.93 : $1, or get better in the AUS$ favour.
Never trust a so called expert  |
Why would you close it when it only costs $30 a year in account keeping fees? Assuming we're talking about the multiple currency account...
It's great being able to transfer from USD to AUD when I feel like it; obviously I got the timing very wrong this week! USD-AUD has now gone below 0.82, I converted around 0.875
Right now if I had some spare cash going the other way (convert AUD to USD) would probably make a bit...