Pound's doing well.
Jun 2nd 2010, 8:04 am
#1
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Posts: 4,298
Pound's doing well.
Its been as high as 2.18 today. Over 1.20 agin the euro!!!
Jun 2nd 2010, 8:10 am
#2
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Joined: May 2010
Posts: 526
Re: Pound's doing well.
I wouldn't say $2:18 is doing "well" .... but it is an improvement
Once it gets back over $2:75 then I'll say its doing well.
Once it gets back over $2:75 then I'll say its doing well.
Jun 2nd 2010, 8:46 am
#3
If u see Sid, tell 'im...
Joined: Apr 2007
Location: Ex of Hucknall and Mansfield, Notts and now in Manly, Whangaparaoa, just North of Auckland!
Posts: 973
Jun 2nd 2010, 8:51 am
#5
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Joined: May 2010
Posts: 526
Re: Pound's doing well.
18 months
Jun 2nd 2010, 8:47 pm
#6
`
Joined: Oct 2003
Posts: 38,613
Re: Pound's doing well.
Sounds like a bet and a poll
Jun 2nd 2010, 8:59 pm
#7
Cow on the Beach
Joined: Aug 2008
Location: Seatoun, Wellington
Posts: 699
Re: Pound's doing well.
Genesis - please, with all due respect .....SHUT UP! Everytime you mention the pound value on a post you jinx it.......it's gone down since you posted ....AGAIN 
Jun 3rd 2010, 12:30 am
#8
If u see Sid, tell 'im...
Joined: Apr 2007
Location: Ex of Hucknall and Mansfield, Notts and now in Manly, Whangaparaoa, just North of Auckland!
Posts: 973
Jun 3rd 2010, 12:41 am
#9
Cow on the Beach
Joined: Aug 2008
Location: Seatoun, Wellington
Posts: 699
Jun 3rd 2010, 2:05 am
#11
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Re: Pound's doing well.
I dont want it to do well.
I'm now much more interested in how the kiwi does
than the state of the pound.
I'm now much more interested in how the kiwi does
than the state of the pound.
Jun 3rd 2010, 4:04 am
#12
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Re: Pound's doing well.
But I accept that the ONLY reason I have any interest in the GBP is because of the money we have in the UK. Once it has all gone like you I could not give a monkey's.
Jun 3rd 2010, 5:33 am
#13
If u see Sid, tell 'im...
Joined: Apr 2007
Location: Ex of Hucknall and Mansfield, Notts and now in Manly, Whangaparaoa, just North of Auckland!
Posts: 973
Jun 3rd 2010, 5:48 am
#14
Cow on the Beach
Joined: Aug 2008
Location: Seatoun, Wellington
Posts: 699
Re: Pound's doing well.
Why planning on leaving New Zealand?
A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.
All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.
So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.
Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.
Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.
All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.
So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.
Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.
Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
Jun 3rd 2010, 8:46 am
#15
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Thread Starter
Joined: Sep 2006
Posts: 4,298
Re: Pound's doing well.
Why planning on leaving New Zealand?
A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.
All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.
So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.
Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.
Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.
All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.
So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.
Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.
Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
Last edited by Genesis; Jun 3rd 2010 at 8:50 am.