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Thread: exchange rate

  1. #1
    Join Date
    Nov 2004
    Location
    Wellington, originally USA
    Posts
    915

    Default exchange rate

    I've been watching the exchange rate for a short time and today it just got to
    1 USD = 1.46022 NZD
    this is the best I've seen it, and blaa. I miss the days when it was 1 USD = 2 NZD or something like that back about 5 years ago wasn't it?

  2. #2
    Join Date
    Aug 2004
    Location
    Inland Canterbury, NZ
    Posts
    8,390

    Default

    Today 1 = NZ$2.50933 - that's the worst I've seen it it was 2.53 the other day... 18 mths / 2yrs ago it was 1 = $3 !!! Looks like I'll have to keep my in the UK for that bit longer.....

  3. #3
    Join Date
    Apr 2005
    Location
    Sumner, Christchurch NZ
    Posts
    578

    Default

    When my OH came out with her mother for a reccie trip in November 2000 they got $3.63 to the pound - that's 45% more than you get today.

    Needless to say they came back with the view that NZ was the cheapest place in the world to live!

  4. #4
    Join Date
    Sep 2004
    Location
    earth
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    459

    Default

    The pound is falling against most currencies right now on news interest rates will be flat at best or decline so not so good for people from the UK. The NZ government really is trying to get the kiwi down relative to the US$ so I am hoping the rate will get better still. They are looking for around .60 US to the NZ$ does not mean it will happen but as long as US econ info is good and things are leveling off here in NZ the rate for US at least should improve.

  5. #5
    Join Date
    Nov 2004
    Location
    Wellington, originally USA
    Posts
    915

    Default

    I think if they raise US interest rates that should also help out CLG. I'd be thrilled with a .60 rate before we move next fall. Yes, I'm on the slow boat.

  6. #6
    Join Date
    Feb 2005
    Location
    Eastern Auckland (from UK '05)
    Posts
    3,182

    Default

    Its now 2.47, lowest I have seen it (typical we need some of our UK money at the mo!)

  7. #7
    Join Date
    Sep 2004
    Location
    West Auckland
    Posts
    1,201

    Default

    We've been watching it too. Arghhhh!! Is about all I can say. Unless it improves dramatically over the next three months we will be bringing very little with us!

    Debs

  8. #8
    Join Date
    Mar 2005
    Location
    Kapiti Coast NZ (formerly US)
    Posts
    744

    Default

    Hi Tigerlilly. If it helps, you can check the history of the exchange rate from as far back as 2000 to now in a quick chart at
    http://www.oanda.com/convert/fxhistory

    Jessica

  9. #9
    Join Date
    Sep 2005
    Location
    Scarborough, North Yorkshire.
    Posts
    191

    Default

    Sorry to say it's just hit $2.45 . Was told a short while ago by two financial people they would not bring GBP into NZ for another 18 months or so!
    Well our reccy trip is about that time so they better be on the ball. David

  10. #10
    Join Date
    Nov 2004
    Location
    Wellington, originally USA
    Posts
    915

    Default

    Thanks Jess! That was a great chart, and perhaps more depressing than I even realized. It's trading near it's 5 year low. Ugh.

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