NZ $ and exporters

By Steve Biddle, in , posted: 20-Apr-2007 11:12

One thing that's annoyed me over the past week has been been a continual obsession by the media of the strength of our NZ$ vs the US$ with it currently trading at close to 25 year highs and our exporters pleading poverty.

One thing that nobody seems to have mention is the fact it's only the US$ that is currently weak and that not everything we import into NZ or export is paid for in US$. Against the UK Pound Stirling we're currently around .37, .55 to the Euro and .89 to the Australian dollar. All of these values are pretty typical of where they have been for the past 3-4 years.

Australia is NZ's largest export market, followed by Japan and then the EU. Export or Import deals to most of these countries will typically be paid for in local currencies. If they are paid for in US$ it will be a conversion from local currency to US$ therefore the value of the US$ is irrevelent.

According to the media people are also rushing to book overseas holidays because of the strong NZ$? Maybe if you're heading to the USA this is a good time to go but for the bulk of us who to go Australia or Euope there is virtually no difference between now any any time over the past few years.

Other related posts:
No, AT aren’t stealing your money. How Stuff confused a nation.
The perils of using Airbnb during big events
How to remotely control your heat pump from your phone for under NZ$25






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Steve Biddle
Wellington
New Zealand


I'm an engineer who loves building solutions to solve problems.


I also love sharing my views and analysis of the tech world on this blog, along with the odd story about aviation and the travel industry.

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*VoIP (Voice over IP). I work with various brands of hardware and PBX's on a daily basis
  -Asterisk (incl PiaF, FreePBX, Elastix)
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  -Mikrotik hardware
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  -Motel/Hotel hotspot deployments
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*CCTV solutions
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I'm an #avgeek who loves to travel the world (preferably in seat 1A) and stay in nice hotels.


+My views do no represent my employer. I'm sure they'll be happy to give their own if you ask them.


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