months left in this year, many investors have been waiting for the premium to bounce back to levels seen in the first half of the year. This isn’t happening any time soon, so it’s time to trade out your remaining tax clearance certificates and hope for a global reset in the coming months.
Since June, the gross premium has been down 50% relative to the first half of the year. It’s now averaging 0.9% . While Currency Hub believes this is circumstantial and unlikely permanent – yet very few arbitragers can exploit this opportunity under these depressed market conditions. “Given the state of global markets, this is still the best investment for a few hours of work. Even under these conditions, we are netting our clients around 20% in two to three months, equal to around R50 000 per person per year using a full tax allowance.” –Thousands of South Africans have benefited from crypto arbitrage, yet many remain doubtful about this unique investment strategy – its authenticity and financial rewards with relatively low risk.
For the past three months, Currency Hub has been trading intermittently and will use them as a proxy for the next three to six months, but we will now trade the lower premium more actively. As such, Currency Hub has cut its forex fee by 50% for the remainder of the year to ensure clients get the highest premium in this current market and this all remains worth their while. Currency Hub has set the FX rate aet 0.25% for the rest of the year.
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