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Democalypse 2017 - The Election Thread

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Posted October 27, 2017 00:12 · last edited October 27, 2017 00:15

It's down against USD but up against Australia? It's also only fallen to what it was a few months ago.

Seeing as it's up against AUD I'm more inclined to think that the fall is more to do with US rather than NZ. Also, NZD is in the top ten most traded currencies in the world, the government is only a part of what it's worth. 

I remember a few years ago the reserve bank tried to use some of it's foreign currency reserves to halt the growth of NZD but that made barely a blip.

But, we're an exporting country - ultimately it's good for our economy for the dollar to sit a little lower than our partners.

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Unknown editor edited October 27, 2017 00:15

It's down against USD but up against Australia? It's also only fallen to what it was a few months ago.

Seeing as it's up against AUD I'm more inclined to think that the fall is more to do with US rather than NZ. Also, NZD is in the top ten most traded currencies in the world, the government is only a part of what it's worth. 

I remember a few years ago the reserve bank tried to buy a lot of NZD to halt it's growth but that made barely a blip.

But, we're an exporting country - ultimately it's good for our economy for the dollar to sit a little lower than our partners.

Unknown editor edited October 27, 2017 00:14

It's down against USD but up against Australia? It's also only fallen to what it was a few months ago.

Seeing as it's up against AUD I'm more inclined to think that the fall is more to do with US rather than NZ. Also, NZD is in the top ten most traded currencies in the world, the government has very little to do with how much it's actually worth. 

But, we're an exporting country - ultimately it's good for our economy for the dollar to sit a little lower than our partners.

Unknown editor edited October 27, 2017 00:12

It's down against USD but up against Australia? It's also only fallen to what it was a few months ago.

Seeing as it's up against AUD I'm more inclined to think that the fall is more to do with US rather than NZ. Also, NZD is in the top ten most traded currencies in the world, the government has very little to do with how much it's actually worth.