New Zealand Dollars - Exchange and interest advice please.

bendix

laffer wrote: »

To be fair I think the word 'not' may have been missing from his post.

I cannot understand the strength of the AUD personally. I understand that China has been investing into Oz a fair bit and as such there is some growth potential there but has the market not factored in the recent coolness in the relationship between australia and china? I am not sure it is as rosy as some might want to think.

Aussie dollar is strong because the economy is much stronger than those of its key trading partners, which is not saying too much. It's relative strength.

As for the relationship between Australia and China? I don't think it's relevant. If there is one thing to be learnt about the world's engagement with China (and vice versa) in the last 20 years it is that neither side has been prepared to let bad politics spoil good money.

bendix

Kiwi dollar at 2.4019 to the pound this morning. Incredibly high. Possibly time to bring some money back to the UK?

stv1x

bendix wrote: »

Kiwi dollar at 2.4019 to the pound this morning. Incredibly high. Possibly time to bring some money back to the UK?

I've been watching it for the best part of 2 years now and hoping for 3NZ$ to the pound.....accounts and brokers are in place for when and if this happens......looks like I've got quite a wait on my hands but for you, imho,...do it now!

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/16/twelve_month.stm

laffer

Never seen it this low against either the NZD or AUD. Amazing. Terrible if you want to send £ there though.

stv1x

Take a look at the local perspective, it may help you make an informed decision.

http://blogs.nzherald.co.nz/blog/show-me-money/2009/8/19/should-we-print-too/?c_id=167&objectid=10591839

sabretoothtigger

Printing more money will devalue our dollar which will be good for our exporters. Sure there will be some negative effects but I think Bernanke has got it much more right than Bollard.

:doh:
:money:

sabretoothtigger

http://www.ashraflaidi.com/hot-chart/?a=959

NZDGBP (using the NZDGBP exchange rate instead of the more conventionally expressed GBPNZD due to charting . . . issues with the latter) has proven to be highly correlated with risk appetite, including equity market sentiment. Since NZD has always commanded higher interest rates than GBP, extended rallies in NZD vs GBP have commonly occurred during run-ups in appetite, while turnarounds were usuallyu related to retrenchment in risk-seeking trades. Technically, the pair has failed to post a weekly close above 0.41-45 in 3 occasions over the last four years. Today, NZDGBP hit an all time high of 0.4172 (2.39 low in GBPNZD), reflecting a combination of rallying equities and prolonged GBP weakness. While the general fundamental picture remains GBP-negative, we could see an improvement in GBP vs NZD as the RBNZ issues more vocal concerns regarding excessive NZD strength.

stv1x

Almost wants to make you hit the forex trading desk doesn't it?

sabretoothtigger

I'd rather fly to new zealand and trade my forex personally

laffer

When will it end. Both the Aussie and Kiwi are surging against the £. Is there a run on the £ as it has been declining against most currencies all week.