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Ohhh I don't know much about Europe to swap it for AUD right now, but I hear places like Spain from friends who visit/invest there are pretty bleak. People are ANGRY on the streets. I'm holding mostly foreign cash right now (RMB, HKD, USD). Average exit costs of around 1.02-1.03. Missed the...

You're talking about buying RMB? In the long run not very risky. The whole world is pressuring the RMB to appreciate. And the AUD is still historically high, just not as high. Chinese growth is staggering. Properties in places like Qingdao, Xiamen, Guangzhou proper have doubled since 2011...

The Chinese Government imposes a limit that non-mainland citizens (including Hong Kong and Macau citizens) can only buy RMB20,000 per day. So if you had A$1,000,000, you can only convert around A$4,000 of it per day in to RMB.

Missed the boat if you haven't already converted your cash to US$. Right now I'm hoarding renminbi which is appreciating even faster than the US$. Pity there's a limit you can only buy RMB20,000 per day. But if you remember to do it at least a few times a week, you convert it pretty quickly...