RMB will go up 5% - 12% within the next 12 mths as diff experts predict
I am thinking about moving US$30K I-Bond to China
I will use it up by the end of 2007
If I do not do this now, I will have to do it 6 mths later anyway since I will use up my RMB by the end of 2006.
so there are two senarios:
moving now, I earn 3% on the money [keeping it for 14 mths on average = 3.5%] plus RMB up 6% - 14% = 9.5% - 17.5%
moving 6 mths later, I earn 3% on the bond after tax and 2% in China, plus RMB up 3.7% - 8% = 8.7% - 13% [but this option would eliminate the uncertainty during the next 6 mths]
