Currency
#16
Re: Currency
The kiwi has never ever been this strong I am sure and it will get worse for those of us who want our funds in NZ
#17
BE Enthusiast
Joined: Jul 2004
Posts: 906
Re: Currency
Yep, When we left NZ for the UK in 2000 it was $3-1GBP now we have come back and have GBP to change the rates sucks. We have got to be the unluckiest people when it comes to making money. We also sold our Petone house in 2000 now prices there have rocketed. Oh well, just bought a lotto ticket, you never know.
Kaz
Kaz
#19
BE Enthusiast
Joined: Jan 2009
Location: Whangaparaoa
Posts: 458
Re: Currency
It's all relative.
One has to be philosophical. We have screwed up royally re money throughout out lives - and it's not for poor planning. We are just really unlucky. And yet I know plenty of people that never plan, never take precautions and they've made a killing. The luck of the Irish is with some people, but not with me!
One has to be philosophical. We have screwed up royally re money throughout out lives - and it's not for poor planning. We are just really unlucky. And yet I know plenty of people that never plan, never take precautions and they've made a killing. The luck of the Irish is with some people, but not with me!
#20
Re: Currency
It's all relative.
One has to be philosophical. We have screwed up royally re money throughout out lives - and it's not for poor planning. We are just really unlucky. And yet I know plenty of people that never plan, never take precautions and they've made a killing. The luck of the Irish is with some people, but not with me!
One has to be philosophical. We have screwed up royally re money throughout out lives - and it's not for poor planning. We are just really unlucky. And yet I know plenty of people that never plan, never take precautions and they've made a killing. The luck of the Irish is with some people, but not with me!
#22
Re: Currency
Yep us too. Since coming to NZ we have had a huge amount of fiscal misfortune, some of my own making and bad planning, some due to poor timing, bad luck and shite finance companies. And my new re roof has just fallen thru'......the job not the actual roof. Arvo years of planning and much money its all fallen apart 2 weeks before the job was to start...triple bollocks.
Truss man suddenly says he can't do it, builder gets the willies and I am left holding a screaming baby. Metaphorically speaking.
Truss man suddenly says he can't do it, builder gets the willies and I am left holding a screaming baby. Metaphorically speaking.
#25
BE Enthusiast
Joined: Jan 2009
Location: Whangaparaoa
Posts: 458
Re: Currency
Yep us too. Since coming to NZ we have had a huge amount of fiscal misfortune, some of my own making and bad planning, some due to poor timing, bad luck and shite finance companies. And my new re roof has just fallen thru'......the job not the actual roof. Arvo years of planning and much money its all fallen apart 2 weeks before the job was to start...triple bollocks.
Truss man suddenly says he can't do it, builder gets the willies and I am left holding a screaming baby. Metaphorically speaking.
Truss man suddenly says he can't do it, builder gets the willies and I am left holding a screaming baby. Metaphorically speaking.
#27
Re: Currency
Ditto being paid in NZD is becoming more lucrative however.
The UK is destroying its currency value to try and become more competitive, the government have been ineffective at creating employment and inflation is well above BOE target.
http://apps.anz.co.nz/charts/nzdgbp_4_float.gif
The UK is destroying its currency value to try and become more competitive, the government have been ineffective at creating employment and inflation is well above BOE target.
http://apps.anz.co.nz/charts/nzdgbp_4_float.gif
http://www.interest.co.nz/news/63155...arlier-planned
Last edited by Genesis; Feb 15th 2013 at 9:25 pm.
#28
Re: Currency
Good God...this will make the kiwi rocket further, I said it would get worse. I wonder how long before 1 for 1???
http://www.interest.co.nz/news/63155...arlier-planned
http://www.interest.co.nz/news/63155...arlier-planned
Good time to move back to Europe though. The Euro isn't doing well either. I am quite happy to exchange my $ for €€ .
#29
Re: Currency
If it does get 1 to 1 there will be no export market for NZ, it has already lost loads of jobs and business due to the high kiwi. NZ will slowly implode as the kiwi continues to gain strength. A madly overvalued currency is NOT a good thing unless like you are selling your kiwis. I wish I was, would be minted, kiwi $s are worth sooooooooooooooo much these days!!!!!
#30
Re: Currency
If it does get 1 to 1 there will be no export market for NZ, it has already lost loads of jobs and business due to the high kiwi. NZ will slowly implode as the kiwi continues to gain strength. A madly overvalued currency is NOT a good thing unless like you are selling your kiwis. I wish I was, would be minted, kiwi $s are worth sooooooooooooooo much these days!!!!!
It will be interesting to see what the future will bring. Who knows what will happen to the EU! There might be good or bad surprises waiting for us in any direction.
Last edited by Assanah; Feb 16th 2013 at 1:47 am.