Originally Posted by
PonyGirl
We are hoping for some kind of change in the exchange rate for USD vs NZD as we are coming over in October. But I really doubt that it will improve for us. I'm so bummed we missed out on the great exchange rate back in March, but oh well. We'll just see how it works out and hope for the best.
I was thinking the exact same thing. However, the Dow Jones was 6625 on March 6th of this year. 1 USD bought 1.99 NZD on the same date. Today, the Dow is 9144, and 1 USD gets you 1.53 kiwibucks. In case you don't feel like doing the math: in NZD, the Dow was 13,184 in March, and is 13,990 today.
I guess if you were holding a whole lot of cash in March, you would have been much better off buying NZ money then...but if you're invested in stock (or have a house to sell), things have not changed much in the last 6 months.