NZD higher exchange rate

Sitemap Tools

Tuesday, 24 February 2009

There was no data of any real significance on release from New Zealand last week so the fact that we had some better than expected data from the UK meant we saw the GBP/NZD cross move from a low on Tuesday of 2.7450 to a high this morning of 2.85. The data mentioned was a mix of house prices and inflation; with house price figures from Rightmove and HBOS showing a slight improvement for the month and UK inflation also showed that it is cooling much slower than expected with a YOY figure 3.0% down from only 3.1%. We also had a surprise 0.7% rise in retail sales released on Friday which again helped to strengthen the Pound over some of the more volatile currencies such as the Kiwi.

This week looks like more of the same with very little out in New Zealand so we will most likely see the Sterling – Kiwi cross driven by goings on in the UK. The key data release this week is the final UK GDP Q4 figure which is likely to be revised downwards YOY from -1.8% to -1.9%. We are still undecided about how damaging this will be for the Pound and could also see a worse than expected reading so those looking to purchase NZD over the next month or so may want to take advantage of the higher than expected exchange rate that we are currently seeing.

» No Comments

There are no comments up to now.

» Post Comment

Only registered users can write a comment.
Please login or register.

< Prev		Next >

ECB Exchange rate

ECB Exchange Rates Currency EUR 2010-07-30
	USD	1.3069
	JPY	113.64
	BGN	1.9558
	CZK	24.763
	DKK	7.4501
	EEK	15.6466
	GBP	0.83670
	HUF	283.81
	LTL	3.4528
	LVL	0.7093
	PLN	4.0040
	RON	4.2654
	SEK	9.4705
	SKK	9.4705
	CHF	1.3660
	ISK	1.3660
	NOK	7.9705
	HRK	7.2447
	RUB	39.4514
	TRY	1.9768
	AUD	1.4500
	BRL	2.3042
	CAD	1.3504
	CNY	8.8557
	HKD	10.1498
	IDR	11720.52
	KRW	1550.64
	MXN	16.5578
	MYR	4.1703
	NZD	1.7996
	PHP	59.729
	SGD	1.7800
	THB	42.144
	ZAR	9.5650
		9.5650

NZD higher exchange rate

Who's Online

ECB Exchange rate