I saw many advertisements in the newspapers offering interest rate of more than 6% per annum for flexible savings accounts. This is quite attractive.
During the past two years, the Australia dollar has appreciated significantly. Apart from the high interest rate, an external investor also benefitted from the exchange rate.
However, an expert told me that the Australia dollar is now too high. I am undecided, if I should invest some of my short term funds in this currency.
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