Currency

Old Feb 15th 2013, 3:09 am
  #16  
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Default Re: Currency

Originally Posted by Snap Shot View Post
55p for a kiwi dollar That's the best I've seen it in the two years I've been here.
Best/worse?? Depends on which way your cash is going eh? I do wonder how many people ambivalent with life in NZ will see this as the catalyst for going back from whence they came.

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
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Old Feb 15th 2013, 3:57 am
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Default 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.
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Old Feb 15th 2013, 4:35 am
  #18  
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Default Re: Currency

Originally Posted by babybella View Post
We have got to be the unluckiest people when it comes to making money.
Yet worldwide your probably in the top 2% by income .
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Old Feb 15th 2013, 5:12 am
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Default Re: Currency

Originally Posted by Charismatic View Post
Yet worldwide your probably in the top 2% by income .
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!
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Old Feb 15th 2013, 6:56 am
  #20  
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Default Re: Currency

Originally Posted by GoingIn2011 View Post
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!
Love it. Same here.
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Old Feb 15th 2013, 7:28 am
  #21  
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Talking Re: Currency

Originally Posted by GoingIn2011 View Post
The luck of the Irish is with some people, but not with me!
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Old Feb 15th 2013, 8:53 am
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Default Re: Currency

Originally Posted by BEVS View Post
Love it. Same here.
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.
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Old Feb 15th 2013, 6:57 pm
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Default Re: Currency

Originally Posted by Genesis View Post
Truss man suddenly says he can't do it, builder gets the willies and I am left holding a screaming baby. Metaphorically speaking.
Hmmm, got all sorts of pictures in my mind now.....
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Old Feb 15th 2013, 7:05 pm
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Default Re: Currency

lol, pmsl
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Old Feb 15th 2013, 7:06 pm
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Default Re: Currency

Originally Posted by Genesis View Post
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.
Sorry to hear that bro...
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Old Feb 15th 2013, 9:13 pm
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Default Re: Currency

Originally Posted by GoingIn2011 View Post
Sorry to hear that bro...
Hey shit happens, thanks for your concern mate. I must say I always thought there were issues around service and attitudes from tradespeople in the UK but over here it is just sooooooooooooooooooo bad that it ain't funny.
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Old Feb 15th 2013, 9:21 pm
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Default Re: Currency

Originally Posted by Charismatic View Post
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
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

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Old Feb 16th 2013, 1:06 am
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Default Re: Currency

Originally Posted by Genesis View Post
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
Can't be too long. Otherwise NZ will end up like Greece, being too expensive, losing export markets and becoming poorer.

Good time to move back to Europe though. The Euro isn't doing well either. I am quite happy to exchange my $ for €€ .
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Old Feb 16th 2013, 1:31 am
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Default Re: Currency

Originally Posted by Assanah View Post
Can't be too long. Otherwise NZ will end up like Greece, being too expensive, losing export markets and becoming poorer.

Good time to move back to Europe though. The Euro isn't doing well either. I am quite happy to exchange my $ for €€ .
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!!!!!
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Old Feb 16th 2013, 1:45 am
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Default Re: Currency

Originally Posted by Genesis View Post
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!!!!!
Yep, Germany is doing relatively well at the moment, because its products are good and the selling price is right. The low Euro helps a lot. Although it makes imports more expensive and German companies depend a lot on imports of raw materials. But also the fact that the wages have stagnated in the last decade or two has helped. NZ is already a low wage country. Can't really see much that can be done to reduce production prices even further. And of course most NZ products can easily be substituted. There are other countries that produce milk and beef. The high $ will be a huge problem for NZ export companies.

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.
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