Category Archives: AUD

New Zealand by a nose…..

Two casualties of the current economic slowdown we see in China are the dollars belonging to our friends down under, the Australian and New Zealand dollars. Since the middle of last summer, the Aussie has fallen by 26% and the Kiwi by 28%, so in the race that neither probably wants to win, right now New Zealand is slightly ahead. Great news for buyers of those southern hemisphere dollars though, as this year the USD goes a lot farther down under than it did last year.