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Economic weather report: New Zealand dollar weakening vs Australian dollar

Posted in News February 25, 2010 - 12:39pm, Bernard Hickey

Watch on our video page here. Watch on YouTube here. Bernard Hickey delivers an economic weather report in association with the BNZ on how the New Zealand dollar is weakening towards a 9 year low versus the Australian dollar because the Australian economy is growing faster with higher interest rates than the New Zealand economy and interest rates. This is great news for our manufacturing exporters and tourism operators, given Australia is our largest exporting destination and our biggest source of tourists.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

10 Comments

by Simon | 25 Feb 10, 2:46pm

Clearly proponents of a common

Clearly proponents of a common currency should be checking on how that is working in Europe and consider how New Zealand would be faring as the ugly sister in a similar relationship with Australia. Do we really want to be the pig of the south pacific?

by We are Stuffed | 25 Feb 10, 3:12pm

Stuff that, I don't want

Stuff that,
I don't want to exchange my Kiwi dollars for a NZ/AUD currency. We are at a 10 year low so would lose heaps if we had to cash in our NZD to buy the new combined currency.

They should have done it when the NZ dollar was worth .92 cents AUD not that long ago.

by TrevorS | 25 Feb 10, 3:23pm

I'm old enough to recall

I'm old enough to recall going to Oz in the 1980s when the rate was around 1NZD to AUD 0.57. Now that's a very expensive place at those rates.

by Wally | 25 Feb 10, 3:36pm

So the gap widens but

So the gap widens but hey...Bill has a 6 part strategy to overcome that...don't you Bill.........BILL.....bugger!

by Alex | 25 Feb 10, 3:38pm

To overcome something good ????

To overcome something good ????

by AndrewJ | 25 Feb 10, 5:33pm

Look the Aussie's go http://www.stuff.co.nz/business/world/33743

Look the Aussie's go

http://www.stuff.co.nz/business/world/3374308/Average-Aussie-pay-hits-15...

by Wally | 25 Feb 10, 5:38pm

Forget them...look at the skilled

Forget them...look at the skilled Kiwi go!

by Christov | 26 Feb 10, 8:47am

Wally ....I have to say

Wally ....I have to say look at the skill-sawed punch bored and driven Kiwi go just like a little cork tethered to the pipers rod.

anyhoo whats the go on Phill the phillistine.....? dickie the bird sent me a tweet that the Auditor is barking up the wrong tree..... ask not how many bottles of wine but who..was sharing them..? Have you been bad Phill..? is that it..? cause if you have then we all need to know...I don't know why that is but the news tells me I have to know..! Not to worry as Tiger's set a pretty high benchmark... so leaping on your sword may have been a little premature....... still live by the sword...la la

by Christov | 26 Feb 10, 10:16am

Hey Bernard.... when are we

Hey Bernard.... when are we getting Avatar options..? I feel the need to express my humanity.

by Peter | 04 Mar 10, 11:09am

Usually I just skim through

Usually I just skim through these blogs and only read ones that -jump- out at me and yours did. Thanks for it - it is actually a real good read! Do you have a subcribe area so I can link to it to read again another day? Let me know - thanks.

Peter