Originally Posted by AoA
Meanwhile I have my home loan rate at 2.9% via a Japanese bank, yes there may be problems re currency rates but I am laughing atm! I have free reign to move at will, tell the rapist Aussie banks to explain their international funding costs? Haha cant meanwhile Aussies get totally raped.
Loving it~!
Smart move would be to pay that baby down whilst the Aussie $$ is high.
Of course, if you borrowed when it was low (say 66c to make the maths easy) then you're in real superbonus territory as each $1 pays back 33c more, a 50% win.
If it goes the other way and you've recently borrowed with the strong Aus$ and it reverts to 66c then no manner of interest rate savings will cover your loss.
Either way, hope it works out well for you!
R