In his weekly commentary, SMU Adjunct Faculty Larry Haverkamp discussed some pros and cons of carry trade. He noted that the New Zealand dollar at CIMB Bank currently offers the best deal in carry trade, but it will not be as risk-free as buying a fixed deposit in Singapore dollars. He wrote that that banks might not be the most transparent as they only make known the exchange rate, which is not the same as knowing the total cost. Lastly, he added that the best method to go about it would be to compare between banks to see who offers the best deal.