The NZ$ plunge was from world record high against US$ and yen, down to very high, and now creeping back up again.
With US$ at half price against NZ$, I can't see that that trend will continue.
It's not as though NZ has anything going for it. Productive people are fleeing in droves to Australia, USA, UK, Japan, Hong Kong, Canada, and other places. Cows are profitable due to huge milk price increases. But there isn't much that's innovative and valuable going on here.
It's a bolt hole for some wealthy people from other countries, which helps [if they don't turn out to have tricked their way in and start wielding weapons - which happens frequently enough to be a trend].
Mqurice |
