Wednesday, April 25, 2007

Exchange Rates

When I was living in the States I couldn't care less about exchange rates. Now I'm a little obsessed. The kiwi dollar has risen against the US dollar to the highest it has been in 23 years.

This means that in the last six months our kiwi dollar is worth about 15% more against the US dollar. It was .60 kiwi cents to the dollar and now it's about at .75.

The US dollar has also been dropping against the euro as well.

We've been planning on sending some money back to the states to pay down some house debt but we might as well wait to see how high the kiwi dollar gets compared to the US dollar. Plus a regular savings account here gets about 7% interest as compared to 3-5% in the states.

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