Where to invest money while travelling.


P

Paul Taylor

I am in a situation where I am about to sell my house and move to
Australia. I will have about £250,000 that I would like to deposit. I
intend to take about 3 months travelling and will not touch any of the
amount before then.

Where should I deposit this money for the best return on interest
during the period I am travelling. Should it be UK or Australia. Any
suggestions (serious) where my best return is likely to be (at low
risk).
 
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D

Daytona

Where should I deposit this money for the best return on interest
during the period I am travelling. Should it be UK or Australia. Any
suggestions (serious) where my best return is likely to be (at low
risk).
Judging exchange rate movements over this period is down to chance.
Since UK interest rates are on the up (but possibly near the peak) I'd
guess that sterling is near a short term peak. It depends what's
happening in Australia with interest rates. Unless they're weak with
good prospects of further weakening, I'd transfer sooner rather than
later. <URL:http://www.oanda.com/convert/fxhistory>

In terms of investments - 3 months indicates bank accounts or fixed
interest. You might be able to negotiate rate with banks for this
amount. Be aware of the compensation limits in event of the bank going
bust - UK = ~30K.

For currency transfer see
<URL:http://groups.google.co.uk/groups?hl=en&lr=&ie=ISO-8859-1&q=currencies4less&meta=>

Daytona
 

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