Archive for July, 2009

Buying New Zealand Dollars this week

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Sterling has dropped a small amount against the New Zealand Dollar this morning following Alastair Darling’s comments. The Chancellor said on Sunday he was ‘extremely concerned’ that banks may be charging firms too much for loans. Indeed, the meeting today will give us an insight into how the banking system may perform over the next few months. For more information please contact your currency broker who will be more than happy to explain.

New Zealand Dollar Currency Report

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The New Zealand Dollar continues to strengthen against the Pound hitting 2.49 on early morning trading. With the Bank of England not meeting for two weeks any potential benefit for Sterling vs NZD does not look immediate.

Buying New Zealand Dollars for Property

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When looking for best exchange rates for buying New Zealand Dollars it is important that you use an experienced currency broker who will help save money when transferring funds overseas. The NZD is rather volatile and not heavily traded so the rates you may received from a high street bank may not be competitive. The GBP vs NZD exchange rate is currently showing 2.50 on Interbank level

Money transfers to New Zealand

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Sterling exchange rates agaianst the kiwi dollar dropped again on Tuesday following the headline news that the UK government debt has reached £799bn, the highest recorded figure since records began in 1974. Most eyes today will be on the Bank of Engkland minutes, as there is no data to note for New Zealand.

Sending money to New Zealand

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Sterling lost around 0.5% during yesterday’s trading agaisnt the Kiwi dollar. These losses were largely attributed to an imporvement in investor sentiment, causing investers to move funds from safer currencies such as yen and US dollar into riskier, but higher yielding currencies such as the kiwi and Australian dollar.