We naturally keep a close eye on our investment in New Zealand and recently noticed a change in interest rates. Despite a much predicted increase in bank rates, the ANZ has in fact dropped its return down to 6.0%. We seem to have got in at the right time.
However, it's not all good news. We have to contend with fluctuating exchange rates and sending over a monthly tranche to our Thai bank account is a bit hit and miss. This month we have missed- compared to our previous transaction, we are going to be down at least NZ$ 100. If you include handling fees, that's going to be a good fifty quid.
Bummer. :-(
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