When I go to Oanda and get interest rates for Chinese Yuan i see
CNY -1.5000 -0.5000 Fri Oct 19 17:30:00 2007
I understand this as the best interest rate that someone will pay you for using your money is -1.5000 per annum and the best rate you can borrow from someone else is -0.5000.
These numbers are negative so that means that people will pay you to take their money and will charge you if you try to lend it to someone?
CNY -1.5000 -0.5000 Fri Oct 19 17:30:00 2007
I understand this as the best interest rate that someone will pay you for using your money is -1.5000 per annum and the best rate you can borrow from someone else is -0.5000.
These numbers are negative so that means that people will pay you to take their money and will charge you if you try to lend it to someone?