We bought more as Aussie dollar continues weakening

RBA Cuts Key Rate to Record 2.25%, Says Currency Overvalued.  As of today RM 2.76 vs AUD 1.  AUD has depreciated more than 15% against RM and probably more against USD.

We see AUD will continue weakens further to below RM 2.60 to RM 2.70 in 6 months.  That will be great news for our real estate investment in Australia!  Probably a 20% discounted rate to our initial targeted value.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: