If you were based in NZ but earning in GBP and had the opportunity to borrow NZD's but at a UK interest rate (let's say 2.4%), would you?
Current exchange rate is 1.96. If it stays low, I'd get a fantastic interest rate on my borrowings.
If that exchg rate chgs though, back to historical averages, I now owe a lot more NZD's. Still earning in GBP's, so does it depend where one considers one's money "domiciled"?
Current exchange rate is 1.96. If it stays low, I'd get a fantastic interest rate on my borrowings.
If that exchg rate chgs though, back to historical averages, I now owe a lot more NZD's. Still earning in GBP's, so does it depend where one considers one's money "domiciled"?
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