itsasecret

see this.

Wendy&Mike

And your point?

The NZ$ is strengthening = this is the place that is succeeding.

Mike.

itsasecret

My point is ermm nothing.... Im not making any point, just that people who are emigrating to NZ may like to see the 2.3% rise today...........

moose

Point is I think,we get more NZD for our £, therefore great news for those cashing in £'s
moose

itsasecret

Make that 2.7921 (15:05 GMT.) 2.43% RISE.

moose

Lets hope it keeps going and that the people who have an offer on our house pull their finger out,and give us the dosh while the £ is on a roll

Grayling

This means the dollar is weakening if it is it's rate against the pound.

G

jandjuk

don't worry this continually baffles me as well...

In NZ when the dollar is strong it means you get less for your £££


but you lot talk about it the other way around.... I never really understand it....

Herman

Its pretty simple. If one pound is worth $2.5 today and worth $3 tomorrow then it will strengthen against the dollar because it will be worth more dollars. In reverse the $ is worth £0.4 today but tomorrow will be worth only £0.33 so it will weaken against the pound. Always look at how much of the foreign currency you get for one of the home currency and if its a rising number then the home currency is getting stronger.

jandjuk

ah yes I think I get it.... depends on which way you're lookig at it from....

I just confused cos everyone on here says "yippe the rate is going up" and I always think, but I want the rate to go down!

But you're talking pounds, and I'm talking dollars.

god, how does something simple do my head in so much!? I hate numbers....

all I know is what the line on these graphs to go DOWN, and then I get more for my pounds....

http://www.nationalbank.co.nz/econom...nge/nzdgbp.htm

sky

Sob sob ... exchanged yesterday

bondipom

You cannot judge the strength of the NZ economy from a few hours FE movement.