Exchange rates
Jul 23rd 2009, 1:05 am
#1
BE Forum Addict
Thread Starter
Joined: Sep 2006
Posts: 4,298
Exchange rates
I heard some weeks ago that a load of bonds held by the japanese and others were due for 'cashing in' mid July.
The word was that they would not renew the bonds and that there would be a big sale of the NZ $ and thus a fall in its value which is what everyone wants IF you have money elsewhere you wish to exchange for the kiwi$.
This does not appear to have happened as the dollar goes from strength to strength..indeed as I type its c $2.4933
.
I just missed a market order back in Jan for $2.85..how I wish I had set it at $2.80..anyway for one reason and another I did not buy at any rate. Right now the $2.64 I got in March 2005 is looking flash aye?
Some one said about a year ago that sterling is 'finished'...dump it now. BUT if you look at it agin the US$ or the euro its looking okay...anyone have ant perspective to put on this??? Thanks in anticipation.
The word was that they would not renew the bonds and that there would be a big sale of the NZ $ and thus a fall in its value which is what everyone wants IF you have money elsewhere you wish to exchange for the kiwi$.
This does not appear to have happened as the dollar goes from strength to strength..indeed as I type its c $2.4933
. I just missed a market order back in Jan for $2.85..how I wish I had set it at $2.80..anyway for one reason and another I did not buy at any rate. Right now the $2.64 I got in March 2005 is looking flash aye?
Some one said about a year ago that sterling is 'finished'...dump it now. BUT if you look at it agin the US$ or the euro its looking okay...anyone have ant perspective to put on this??? Thanks in anticipation.
