sirplug

I'm hoping for $1 for 1, around Christmas and shoots up to $3 to 1 just after New Year!

scrubbedexpat094

Off back to Blighty for a holiday by any chance

sirplug

chocolate cake

Resurrecting this thread as the GBP continues to hover comfortably below $2 to the GBP is sad, especially with the news earlier in the week of a 3rd straight qtr of negative growth :-(
Least some good news overnight with the UK continuing to hold it's Triple A credit rating with S&P.

scrubbedexpat094

Yep, very frustrating as we have some money to transfer.

Genesis

The bloke who runs www.interest.co.nz (Bernard Hickey) thinks that monetary policy MUST be reviewed to help push down the kiwi as it is ruining our expert sector. I changed a significant sum at a touch over 2.08 a while back, it seems like for once I was right and got in at what for recent times was a REAL high (that is a joke eh?...2.08 a real high).

I really think your 2.50s are NEVR going to happen in our life times and maybe 2.20 could a very good rate to go for ...if it ever happens. The UK is in more shite than ever these days.

scrubbedexpat094

I heard something about the monetary policy on the news last week. You certainly seem to have done the right thing at $2.08. I think we should transfer it asap but OH wants to wait. $2.50 seems like never-neverland now & our $3.06 in 1996 was obviously just a dream!!!

Genesis

We live in another paradigm now. It almost seems like it was another universe the 2.64 we got in 2005 and a subsequent 2.7 something in 2008. I really think 2 is the new 3 as I have said before. The kiwi is going to stay at silly money for ever it seems. The RBNZ & the NZ govt. have no will it appears to do ought about it. They could simply embark upon money printing (quantative easing) to bring the value down. It is easy. All other western nations are printing money and it is a simple thing to do. It would get things back to a more even keel. It would appear that those in charge a stupid, stupid, stupid..if you believe knowledgeable folk like Bernard Hickey.

mikesearle86

I will be transferring the majority of my NZ salary back to the UK so it's going the right way for me just now... I don't see the £ returning any form of strength in the short / medium term, and the current trends over the last 3 - 6 months would suggest a sub 1.9 in August

Genesis

I think your wish of $1 for a pound will be just round the corner at this rate. The pound has just dipped below $1.90.....again the authorities sit on their hands and do nothing about this situation. I hear every day how the strong dollar is wrecking our export sector. So what if you can get a cheap TV and you save a few bucks on your petrol this country's export sector is going to hell in a hand cart?? Apathy rears its head (and stupidity) yet again.

Catchafire

Would it not be better to get the UK to strengthen their economy? Seems pretty selfish to keep the £ so low. Think about all those poor expats around the world!

Genesis

This is not really about a weak pound. It is about an overly strong kiwi eh? I know you jest but the only winners are petrol buyers and TV buyers in relation to the strong kiwi (and those going back to the UK or the US!!!) Not much of a way to run an efficient economy eh?

Catchafire

Yes I jest, but IMO, the NZD is not over valued and I really can not see the government getting involved in devaluing it.

Here is a article that I read last year and booked marked, it helps me make FOREX predictions for my business. Maybe it will put some perspective on things.

http://worldviewdownunder.blogspot.c...er-valued.html

Genesis

Bernard Hickey of Interest.co.nz believes the RBNZ should intervene, but I agree with you I doubt they will. Thank you for the link.

Mark Smith

Whilst the $ keeps this high, I am taking advantage and buying up lots of equipment from the UK to resell over here, although not much good if everyone is broke.