As we all know however, things aren't going to stay anywhere near the current 75c value and at some stage our currency is going to drop. If you're somebody who buys goods regularly from overseas you can take advantage of this current situation and hedge your money for a rainy day.
Many banks are now offering prepaid credit cards in foreign currency. These cards are great for travelling as they allow you to buy funds in a foreign currently such as US$ and use the card in the USA without incurring any transaction fees (unless you withdraw cash from an ATM). Your money is also locked in at the exchange rate at the time of purchase, something that's fantastic for us right now.
I purchased a ANZ Travel Card when I was stopping in the USA earlier this year. The card costs $12 to buy and $10 every time it's reloaded. The bank does take a small commission when money is loaded but in my experience with several topups it's a lot lower than the usual fees incurred with foreign credit card transactions.
The beauty of this card is that the value of the card is in US$ and fixed at the time of purchase. This means if you top up US$1000 to your card at this very moment you'll gain significantly if the value of the NZ$ falls. Any purchases you make in US$ online are deducted from your balance, unlike a regular credit card that is converted using the current exchange rate.
I'd probably buy somewhere in the region of $500 - $1000 worth of goods from the USA yearly. These are typically books of Amazon or goods from eBay. By topping up my card now I can take advantage of the card should our currency fall as any purchases will effectively be at the ~73c rate that I purchased my US$ at.
If you're somebody who regularly buys goods from the USA or online in US$ a card such as this is something that's well worth investigating. I know most banks are now offering similair cards and Travelex are also. We all know our currency isn't going to stay high for ever - why not take advantage of the current rates while you can!
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