Foreign exchange accounts and interest rates

18 September 2017

 

By guest contributor Kevin Toohey, General Manager, Atchison Consultants   Through trade and capital flows, individuals and businesses can accumulate significant capital in overseas jurisdictions which is held in short-term deposits in foreign currencies.  Often the intention will be that the working capital will be held on deposit temporarily in anticipation of future activity. There are three primary considerations: interest rate available access to capital security of capital Typically access...

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