Foreign Currency FD

I'm not good in economic......but still wanna comment some.

My bf told me that there is a special FD offer by local banks.

Here is the link http://www.publicbank.com.my/en/en_content/personal/rates/content1.html

Foreign Currency Fixed Deposite......this is the one. The highest one is offer by New Zealand. Then I told my papa about this. Then he said "very high risk one, somemore M'sia Ringgit grow more and more stronger. u will end up losing in currency."

Erm........M'sia Ringgit will grow stronger??? with those "FAIR" policies, "EFFICIENT" police, "HUMBLE" proton, "CONSIDERATE" government and "GREAT" economy ideas..........my country can grow stronger?

Yeah..maybe can la! While M'sia is growing 1%, others are growing 5%. So........foreign currency compare to M'sia WILL ALWAYS stronger than ours!

New Zealand interest rates rise for 4th time in 2007

Successful Story :

"When I told my friend about it, she said, "You did not read the newspaper? The Ringgit is going to depeg soon and appreciate in value and the western countries currency is going to depreciate in value. So what she said come true and the exchange rate for the New Zealand currency is 2.2 something then and I lost around RM700-RM800 for my New Zealand currency. Now it is already more than 1 and half- year and I see my New Zealand foreign currency FD already grow in value. I earn almost double the normal local FD from my New Zealand currency FD and now the interest rate is 7.2%. The exchange rate already increase to 2.53 and my exchange rate loss already break even throughout the term of the FD"