Welcome to Kiwi Log - the musings of a displaced Kiwi experiencing the many delights of London, can't wait for the 'black snot'! I make no apologies to anyone that doesn't get the 'in jokes' - you should have gotten to know me better when you had the chance.

Thursday, February 16, 2006

About time, and keep it coming

For the exporters of course... Not purely for some selfish temporary ex-pat that wants to send some pounds home... So what the hell am I talking about?
There has been a significant drop in the value of the New Zealand dollar overnight.

It has plunged through the 67 US cent mark, due to selling by an American investment bank.

At the moment the dollar is sitting on 66.82 US cents, down about half a cent. Dealers put the fall down to concerns about the slowing economy.

One commentator says the drop below 67 US cents is likely to open the floodgates.

The dollar has also dipped against other currencies. It is trading at 90.60 Australian, 56.26 euro cents, 78.81 yen and 38.52 pence.
Ship it in. Ma, you might get paid back after all!