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Krasnoyarsk 06:27:31 GMT - 03/29/2014  

Buy
Entry: Target: Stop:
What's happening to the currency of New Zealand?
Summer in New Zealand lasts from December to February. And the current period, the time when the state treasury and business get the maximum profit in the year. The main reason - a surge of agricultural exports at the end of harvesting period.
This is the main reason that the New Zealand dollar hit yearly highs. Moreover, these peaks appear in the current time every year with an enviable uniformity.
However, in 2011 there was a situation in which the exchange rate after the peak harvest season continued to increase by 700 points. What is the reason for this development? The main reason is the good economic performance. With regard to the current time is matching a series of indicators, it can be concluded that the current level of growth looks much more promising than in 2011. This is confirmed by GDP, export, unemployment, domestic demand and tourist arrival. Also worth noting is a steady growth in key partner countries. In China, GDP growth is excellent at 10% per year. Australia and the United States at the peak of their macroeconomic performance in two years. This says about a reliable fundamental position of New Zealand in the current time. The government, realizing the situation, does not miss the chance, increased base rate to 2.75%. This is very conservative.
Tourism is the second most important source of income. During the first two months of 2014 compared with the previous year an increase of 9.5%.
Thus, looking at all the figures, comparing and analyzing the past and thinking about the future, we conclude. New Zealand is on the crest of a wave of growth.
And not surprisingly will be, and even reasonable and natural that the national currency will continue its rapid growth to the point until it reaches historic highs of 0.88409. And in the second currency will grow until the negative signals from the business.
Additionally give one digit of my calculations. Increase the rate of 250 points, 0.15% annual GDP decreases only by reducing the cost of exports. I think it's not scary. Because of this greatly reduced the competitiveness of goods abroad. What influences on reduce exports, or a decrease in net profit. In any case, expect lower exports data before you start to sell New Zealand dollar.






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