NZ $
Mar 6th 2008, 10:23 am
#1
Forum Regular
Thread Starter
Joined: Apr 2007
Posts: 215
NZ $
Does the NZ dollar generally ride between say 2.4 & 2.6 on average??
Whats the lowest its ever gone down to??
Cheers Jads
Whats the lowest its ever gone down to??
Cheers Jads
Mar 6th 2008, 12:31 pm
#2
BE Forum Addict
Joined: Dec 2004
Posts: 3,038
Brother can you spare a dime?
Yo Jads
The least I can accurately recall is $2.26 but that was some years ago.............
Conversely the most I can recall was $3.56 about 6 years ago..............
The median range is between $2.50 - $2.90 but for now those days are a memory.
NG
The least I can accurately recall is $2.26 but that was some years ago.............
Conversely the most I can recall was $3.56 about 6 years ago..............
The median range is between $2.50 - $2.90 but for now those days are a memory.
NG
Mar 6th 2008, 3:25 pm
#3
Forum Regular
Joined: Aug 2007
Posts: 106
Re: NZ $
does anyone know the best time of year to buy nzd to get best rate
Mar 6th 2008, 9:26 pm
#5
BE Forum Addict
Joined: Sep 2006
Posts: 4,298
Re: NZ $
Apparently the median over say 10 years is around the $2.70 mark. Everyone aims for the $3, the previous amount is more realistic, but for now it is a looooooooooooooooooooooooooooooooooooooooooooooooo ooooooooong way off..maybe late 2009. From what the NZ reserve bank states interest rates will remain high until some time 2009, thus the Kiwi is most likely to stay strong. HOWEVER..I did not some time last year in the midst of still high interest the kiwi fell to around $2.90, I spent days and days looking at forex to get the best rate, the odd cent makes quite a bit of difference with a life times savings!!!!
The kiwi is a very fickle currency, heard recently it goes up in value via the stairs and goes down in value via the lift shaft. I am looking forward to the days of the lift shaft!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
