Friday, October 1, 2010

NZD at 5 year low against the AUD

A clear sign that the international market is unimpressed with Bill's GST hike and the double dip recession we can now expect, is given by the slide in the NZD value, which is now at a five year low against the AUD as shown in this chart from

However, it is good news for those exporting to Oz (like us) and Aussies looking for a place for an overseas holiday will find NZ quite cheap now despite the GST hike.

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