Tag Archives: Chinese yuan offshore

Potential of Chinese Yuan

Chinese Yuan (CNY) had been in the news recently. Since 1 June, Chinese Yuan and Japanese Yen can be directly traded in both Tokyo and Shanghai financial markets. There is no need for an intermediate currency such as the US … Continue reading

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Foreign Currency Time Deposit/Fixed Deposits

Interest rate for Singapore dollar fixed deposit/time deposit for a year tenor is 0.25% per annum (Source: OCBC) Interest rates for different foreign currency time deposits (using same amount S$50,000 and one year tenor) are: Australian dollar: 4.025% New Zealand … Continue reading

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