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

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news