A friend of ours is receiving a substantial insurance payment in aussie dollars. She now lives in NZ. The funds need to be invested for about a year to give her time to think about her options with this money, whether to go towards a house or not etc. Would you bring the monies to NZ where fixed interest rates are higher or leave in Australia hoping the exchange rate will change in her favour. If invested in Australia does the taxed interest gets taxed again in NZ when declared as income. Are bank deposits the only logical place for this money?