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

 

Importers Institute - Currency Movement Explained

Import News from the Importers Institute 5 April 2002 - Currency Movement Explained

The New Zealand dollar collapsed when this Government was elected but it went from 41 to 44 US cents in the past few weeks. Could it be because this is election year and speculators are taking an early punt on a possible change of Government?

On a purchasing power parity basis, the New Zealand dollar is thought to be undervalued, as any New Zealander who travels overseas will confirm. This lead some commentators to say that they expect it to reach 50 cents by the end of this year. We note that they made the same prediction last year, and the year before.

Speaking of pesos, the Mexicans are coming. A trade mission that includes exporters of food and beverages, textiles, handicrafts, oils and lubricants, military equipment and other goods will be visiting Wellington on April 22 and Auckland on the 23rd and 24th. For detailed information and to arrange meetings, contact Lia Tuerlings of Language Consultants email ceramica@iconz.co.nz.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


TradeMe: Supply Sees Biggest Jump On Record While Prices Continue To Slump

The number of properties for sale across the country saw the biggest year-on-year jump ever in July, while prices continued to drop according to the latest Trade Me Property Price Index... More>>


Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>