Hey everyone
Im debating either opening a time deposit in HKD or converting the money into USD and opening a time deposit with USD
this is the rates:
HKD
1 month 0.95% 3 months 1.65% 6 months 2.00%
USD
1 month 1.60% 3 months 2.40% 6 months 2.45%
The issue here is the exchange rates.. If we assume normal bank exchange rates, and assuming that if once converted into USD wont be changed back into HKD, which option is the more profitable one?
Thanks for your feedback