NZ $ dropping

The $NZ has had a good run lately. It has been as high as .74 to the $US and New Zealanders have had plenty of time to take advantage of the high dollar to purchase imported products from overseas.

When I moved up here to the USA, $1 NZ purchased me 0.42 cents US. That was certainly an expensive move, but I am looking to make some of that back when the $NZ drops into the $.50's against the US.

It is good for the exporters for the dollar to go lower as NZ products become more affordable for the foreign purchasers. That in turn can create a increase in demand for NZ products overseas and the economy can benefit from that. Now is the time to try and get the NZ/US free trade agreement in place.

I predict that th NZ dollar will be worth $.56 maybe even less to the $US within 6 months.

Here is a graph of the value today.