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Thread: Best exchange rates- help

  1. #1
    macfod's Avatar
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    Smile Best exchange rates- help

    greeting people

    The exchange rate is steadily dropping against last time I bought at 3.02.
    The best at present I see is HIFX at $2.83 ug!
    Mind you I still get $2.84 from Nationwide using my ATM card.
    Any idea's of best deals

    thanks

  2. #2
    Taffy's Avatar
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    Hi Macfod,

    Not any more it isn't! HIFX is now at 2.72164

    I'd give World First a try, slightly higher at 2.7243 - http://www.worldfirst.com/nz/ - Phone 07 825 5222 and speak to Ailsa. I know her and know she will look after you well.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

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    Dawn's Avatar
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    This is nail biting stuff!!!! We're gonna have to start thinking about changing ours soon and we need as much as we can get!!!
    Passionate about the unfathomableness opportunities of kiwi-a-gogo-land

  4. #4
    macfod's Avatar
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    Hopefully the Iran crisis was responsible for the drop and next week it will rise!!
    Just like my bread:rolleyes: ;)

  5. #5
    macfod's Avatar
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    Default hifx

    :mad:
    Just rang Hifx- their best exchange rate today for ?50k plus is 2.69 ug!


    But took money from ATM out from Nationwide card over here and got $2.72
    Who conning who
    Looks like lots of ATM withdrawals via Nationwide


  6. #6
    macfod's Avatar
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    Default dropping

    my timing is all wrong her.
    need to change money in the next week- but its now down to $2.683

    A huge drop and lowest for months

    no nails left and need to gamble buy now or wait a few days!!

  7. #7
    Taffy's Avatar
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    Currency is such a difficult one to judge. Thats pretty low for the NZ Dollar, but I've also seen it much lower. Unless something major happens, commercially or politically, it's not going to change significantly in the next few days.

    Certainly a gamble though, hard to tell if it will about face or maintain it's steady descent.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  8. #8
    macfod's Avatar
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    Default its been lower

    Hi Taffy

    Well thats what HIFX said.
    I know before we came it was 2.55
    I think I 'l buy as nothing major is going on over here and it could keep going down!
    at least house prices are going up

  9. #9
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    Hi Macfod,
    with exchange rates it really does depend on your needs. If you need the money now then you don't have much choice. If you can afford to wait then you take the gamble. Exchanging your money isn't the only aspect of your financial future here and what you lose with one hand you may gain somewhere else (like you said property is still going up) Have you been back in touch with World First again. I used these guys and they were excellent explain the dilema and they may try and beat Hi FX.

    Paul

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    Sorry, Mark, doesn't look like there's going to be much change in the short term, for the better, anyway.

    NZ dollar tops US74c for first time in two years
    Updated 2:02PM Monday April 16, 2007

    The New Zealand dollar has topped US74c for the first time in two years and seems headed for a post-float high, with economists predicting even higher levels ahead.

    The kiwi crossed through the US74c level shortly after 10am today and by 10.30am was around US74.10c, a cent higher than its level of Friday morning.

    The last time the NZ currency was this high against its US counterpart was in March 2005, 20 years after the kiwi was floated in March 1985.

    That time it got to US74.63c, its highest level in 23 years.

    The NZ dollar has also performed strongly against the Japanese yen, hitting its highest point against the Japanese currency since 1990, and around 10.30am was above 88.60 yen to the kiwi.

    On Friday the kiwi was boosted by stronger than expected retail sales data, and since has received further backing from a communique released after a meeting of the Group of Seven countries.

    More here .
    Mother Bear

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