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  1. #1
    Senior Member Catweazle's Avatar
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    Default NZ Dollar dropping wildly?

    According to stuff.co.nz our exchange rate against the US dollar must have dropped quite considerably suddenly.

    $507 million Kiwi dollars to a paltry $3 million US?

    Now I'll never be able to afford that new lcd screen.


    Gotta love typos..

  2. #2
    Failing to DL win 7 Beta pcuser7895's Avatar
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    Default Re: NZ Dollar dropping wildly?

    really that much? i don't think so but it is dropping quite a lot

  3. #3
    Computer Tech
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    Default Re: NZ Dollar dropping wildly?

    Stuff have it wrong.
    $3M US is about $5.07M NZ NOT $507M!

    You can see here.

  4. #4
    Senior Member jcr1's Avatar
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    Default Re: NZ Dollar dropping wildly?

    Quote Originally Posted by CYaBro View Post
    Stuff have it wrong.
    $3M US is about $5.07M NZ NOT $507M!

    You can see here.
    That'd be about right, it seems to be trading in the 0.58c to 0.60c range at the moment. It has been lower, in the last couple of months, down to 0.55c, from memory. But I think that the recent rise, is not so much a perception of a stronger NZ economy, more a realisation of a weak US economy.

  5. #5
    Senior Member Catweazle's Avatar
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    Default Re: NZ Dollar dropping wildly?

    I realise that, heh. Perhaps I should have made myself more clear. The post was more about the drastic differences a simple little typo can make, rather than about actual cash rates.. The arrow kind of missed the target

    My bad.

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