interest rates in turkey 17%! Is it possible to save there?

dipsomaniac

as stated earlier you can make money from currency but it is highly speculative and you need to invest large amount of money to get the most attractive spreads between buying and selling prices.

icelands inflation rate is on target for inflation of 2.5% - but from 9%. the currency has also weakened by 8% against USD within the last month.

enxdtw

This article seems to say it all

http://www.moneyweek.com/file/10592/is-iceland-facing-a-meltdown.html

Still the meltdown hasn't happened yet, maybe the inflation targets are working. Seems like quite a complicated question! I suppose higher returns come with a higher risk.

Cheers
Dave

dipsomaniac

most of us have exposure to the more stable foreign currencies through collective investments.

if you want to speculate (a punt) on the currency exchange markets and you haven't access to ££millions you can always take a position via one of the spread betting companies - but don't win too often.

dipsomaniac

duplicated post

EdInvestor

A lot of people are involved in this kind of search for high interest rates, especially people in Japan where interest rates are typically vanishingly low. Hence it's known these days as the "yen carry trade". There's periodic concern about it "unwinding" and also about the future of the economies of some countries which feature on the YCT list.Iceland and New Zealand come to mind.

Definitely not a risk free strategy.

Jonbvn

EdInvestor wrote: »

A lot of people are involved in this kind of search for high interest rates, especially people in Japan where interest rates are typically vanishingly low. Hence it's known these days as the "yen carry trade". There's periodic concern about it "unwinding" and also about the future of the economies of some countries which feature on the YCT list.Iceland and New Zealand come to mind.

Definitely not a risk free strategy.

Definitely not today, with the value of the yen going much higher, due to the ongoing credit crunch problems. Japanese housewives are taking a beating.:eek:

jon3001

enxdtw wrote: »

I had a look at the interest rates table for different countries round the world and found iceland at 14% and turkey at 17%. My question is, sounds like a good return

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/11679/default.stm

Turkish Lira lost 3% vs the Pound today. Maybe not so good...