Kiwi tagged posts

Kiwi Hit 6 Year Low on Momentous Day

January 21, 2009 International FinanceNew Zealand Finance  No comments

The Inauguration of Barack Obama, release of 2008 inflation figures and a losing day on Wall St saw the New Zealand Dollar hit a 6 year low against the U.S. Dollar (greenback).

The New Zealand Dollar (Kiwi) reached a value of US51.65 cents.Further, the Kiwi reached a seven year low of 46.98 against the Japanese Yen.

The falls came amidst similar moves from many world currencies. On a global scale this can be attributed to the speech of Barack Obama, which did not reveal any new details regarding the U.S. Economic recovery package. The lowest points for the Kiwi against both the Yen and Greenback came near the closing of the Presidential Speech.

The fall of the Kiwi can also be attributed to the low sales economic figures for the month of December...

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Kiwi Rises Against Greenback and Yen in New Year

January 6, 2009 International FinanceInternational TaxationNew Zealand Finance  No comments

An improved tax outlook in the U.S. and best Christmas in record in NZ, sees the New Zealand Dollar (Kiwi) rise against both the U.S. Dollar (Greenback) and the Japanese Yen.

With hopes pending on President Elect Barack Obama’s proposed U.S. Economic stimulus package, American investors are apparently more open to the prospects of higher yield yet higher risk investments. In effect lowering demand for safer currencies like the Japanese Yen and raising that for the likes of the Kiwi. The package prosposes to aid joblessness and relieve tax payers earning below USD$200,000 a tax break of USD$500, or USD$1,000 for couples.

Combined with the highest Christmas season spending on record and positive first weeks of 2009 New Zealand Stock Exchange trading, the Kiwi is seeing positive resurgences...

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2008 Worst Year for New Zealand Dollar Ever

January 2, 2009 New Zealand Finance  No comments

The year 2008 saw the highest fall in the value of the New Zealand dollar against the U.S. Dollar.

Amidst world financial crises in 2008, the New Zealand Dollar (also known as the Kiwi) saw itself both at the highest levels it has reached in the last 23 years and experiencing the biggest drop of its lifetime. On March 14th, the New Zealand Dollar was traded at 82.13 U.S. cents to the dollar. On the 31st of December 2008, the Kiwi was trading at 57.93 cents U.S. Almost a 30% drop.

According to New Zealand Prime Minister John Key, in an interview conducted on the 7th of December, the New Zealand Dollar could even dip below the 50 cent mark in 2009...

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