According to this morning's news, it is back up over $.77 US. I'm no economist, but I think it is in part due to the Federal Reserve cutting its short-term rates by 1/4% to 4.5%.
Frankly, it's making me rather ill. If anything sends me back to the US, it will be this. I thought we'd be able to ride out the exchange rate, but that money I have sitting in my US bank keeps looking like less and less of a down payment on a house I already can't afford.
I'm not ready to throw in the towel yet and keeping my focus long-term, but it's frustrating as hell.
At least WE ARE THE CHAMPIONS!
Okay, that made me feel a bit better.
Okay ... Here's cognitive dissonance for you. Converting 1 USD to NZD makes me feel a little bit bad. Converting 50,000 USD to NZD makes me feel a lot worse. It's the same rate, but something about that big number getting quite as big makes me want to puke.