Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Strong Aussie Dollar Sends Kiwis Shopping

27 September 2004

Strong Aussie Dollar Sends Kiwis Shopping

Retail stores and hotels seem will be cashing in on the strong Aussie dollar for Kiwi travellers, said New Zealand's largest travel retailer.

Flight Centre area leader Carlee McCaw said the exceptionally high Australian dollar has seen a surge in interest in jaunts across the Tasman, particularly to shop or indulge.

"We've had a lot of clients choosing to take an early Christmas shopping weekend because the dollar is so high," she said.

"And many are choosing to stay in more expensive accommodation because with the strong dollar they are slightly cheaper than before."

The Australian dollar has risen dramatically over the last twenty years, from a low of 57 cents against the New Zealand dollar in 1985 to highs of around 94 cents over the last month.

Ms McCaw said differences in the exchange rate affect a number of things when people travel, but what people tend to notice most is in their shopping.

Travellers heading to Australia should notice that accommodation, local transport, eating out and entertainment amongst the things they'll find a little cheaper with the strong currency rate, she said, including anything booked or purchased before they go.

"With the highly competitive fares on the Tasman at the moment, Australia is more popular than ever."

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>