Hi all,
I've been trawling this forum for awhile now and have a question.
Ive recently moved to HK and am in the process of finalising my pay. When I was negotiating, the AUDHKD was at 7.4 and now it is at 6.4. The pay was negotiated in AUD (ouch!)
I have a mortgage to pay off in Australia and have rented the place out. But there is still a monthly shortfall. And I also have an offset acct with interest rate ~9% atm.
My employer has kindly offered two choices -
Use 7.4 rate and then get the HKD amount paid to HK bank account. ( if you think AUD can't get any better this would be the pick I guess)
Stay with AUD amount, get paid in AUD to AU bank account. ( if you think AUD will get better )
So the factors that are affecting my decision are-
- where is AUD vs HKD going in the next 2 years? if you don't take a view on where this is going, what would you do?
- mortgage offset acct 9% so obviously leave as much money as possible in there.
- transferring money either AUD -> HKD or HKD ->AUD all the time.
just wanted some opinion on this.
thx!!
ken