which of these currencies looks strongest

[farmerette]

i transfered some euro into a dollar account ( outside this state ) back in early december and ended up loosing quite a bit , such was the bull rally which the euro went on against the dollar , ive since transfered back to euro , i think the euro is probably due a correction and is probably too strong , its been the strongest performing majory currency this year so far and i include the aussie dollar , what with the irish and general euro zone difficulties still far from settled , i think perhaps now is a good time to buy some foreign currency

was thinking of going with the sweedish krona , its economy is booming and has always been a stable place in every way , anyone got any opinions as to whether its likely to strengthen against the euro in the short term , forex news and other publications seem to think so

 

[Chris]

I have come to like Sweden for investment as there has been a marked change in government policy away from socialist policies to more market driven policies. Some examples are the abolition of inheritance tax, a school voucher system and partial privatization of state pensions and social security.
But I am more in favour of countries with large amounts of national resources, therefore I would prefer Canadian and Australian $ and Norwegian Krone. Saying that, one thing I prefer than "strong" fiat currencies is gold, which I am still accumulating.

 

[Brantford]

If I transfer funds to a deposit account at a bank

1) within the EEC eg UK
2) outside the EEC eg Canada or Australia

Interest earned would be reported as income in Ireland. What are the tax implications when the principal is returned to this country?

 

[Gervan]

Brantford, you would have a possible Capital Gains tax exposure.
Say you put €20,000 into UK account, =£18,000. Then when you come to repatriate your capital, the exchange rate has shifted and you get €25,000. There is a gain of €5,000.

 

[farmerette]

I have come to like Sweden for investment as there has been a marked change in government policy away from socialist policies to more market driven policies. Some examples are the abolition of inheritance tax, a school voucher system and partial privatization of state pensions and social security.
But I am more in favour of countries with large amounts of national resources, therefore I would prefer Canadian and Australian $ and Norwegian Krone. Saying that, one thing I prefer than "strong" fiat currencies is gold, which I am still accumulating.

the aussie dollar is possibley too strong at the moment , although the euro has rallied against it since december aswell , as for gold , i think its due a serious correction