Recommended.co.nz | Guide2.co.nz | Voxy.co.nz | Gimme.co.nz
Homepage | login or create an account

When's The Best Time To Exchange Kiwi Dollars?

Read More:
Contributor:

Question:

We are going to Aussie for a week and need to exchange some cash to take.

Should we do this before or after the reserve banks announcement this Thursday?

Answer:

It's unlikely to make a huge difference one way or the other -- but the expected cut in the OCR is putting downward pressure on the Kiwi dollar -- which, depending on the size of the cut, will likely cause a further drop in demand come Thursday.

The RBNZ announcement is likely to narrow the gap between trans-Tasman interest rates, so a lower NZD/AUD may be in store.

Best bet: change your money before the OCR announcement.


The advice provided is of a general nature and guide2.co.nz is not responsible for any loss that any reader may suffer from following that advice.       

About guide2.co.nz : money

Find the latest money news and 'how to' guides on Guide2Money.

Ask our researchers your personal finance questions.

Your Questions. Independent Answers.

---
Australian 'how to' guides and recommendations