I am myself a bit bemused by all the arguments over exchange rates.... I remember comments from my friends and my first overseas trips:
2007 1 NZD buys 1 Swiss Franc, in 1975 it brought 3.3, in 1974 it brought 4.8 SFR (CHF) 2007 1 NZD buys .80 USD, in 1975 it brought $1.20 USD It was then also higher against the Pound and the Australian dollar than it is today if I recall correctly. I think if you go back further it was higher again....the steady decline I recall arrived around the times of the first oil shocks and Britain joining the EEC. It seems to me that we are just getting back to where we once were. I am not an economist but I do recall hearing that one of the essentials of a healthy economy was a strong currency. BTW Did you know you could Google "1 NZD IN USD" and get the exchange rate ? While I mention economists - here is a story: [From The Scotsman newspaper]: An academic is walking through the woods and sees that many trees have had arrows fired at them. Each arrow is at the dead centre of a bullseye target. The academic then meets the archer who is taking a breather and praises him for his accuracy and asks how long it had taken him to achieve his level of proficiency. 'Oh,' he replied, 'I only took this up this morning as relaxation from my job - I fire dozens of arrows in all directions and whenever one hits a tree, I draw a target around it.' 'Ah', the academic replied, 'you're an economist aren't you?' John -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Neven MacEwan Sent: Friday, 27 July 2007 11:29 a.m. To: NZ Borland Developers Group - Offtopic List Subject: Re: [DUG-Offtopic] RE: [DUG] basic question Phil Before you swallow all the Government drivel Id suggest you read this http://www.maxim.org.nz/index.cfm/Real_Issues/Print_Version?issueid=139 Neven > And inflation is a BAD thing. The problem for government is how to > reduce consumer spending. OCR is very crude tool but other measures > (limit overseas investment, capital gains tax, etc are dubious and > very hard to parlimentary support for). Kiwisaver MIGHT reduce > expenditure but I'll bet sharemarket soars as fundmanagers desparately > try to find places to invest will in turn put more pressure on dollar. > Shame government didn't have to balls to tackle the property market 3 > years ago. > > > ---------------------------------------------------------- > Phil Scadden, GNS Science Ltd > 764 Cumberland St, Private Bag 1930, Dunedin, New Zealand > Ph +64 3 4799663, fax +64 3 477 5232 > > _______________________________________________ > NZ Borland Developers Group Offtopic mailing list > Post: Offtopic@delphi.org.nz > Admin: http://delphi.org.nz/mailman/listinfo/offtopic > Unsubscribe: send an email to [EMAIL PROTECTED] with > Subject: unsubscribe > > > _______________________________________________ NZ Borland Developers Group Offtopic mailing list Post: Offtopic@delphi.org.nz Admin: http://delphi.org.nz/mailman/listinfo/offtopic Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe __________ NOD32 2245 (20070506) Information __________ This message was checked by NOD32 antivirus system. http://www.eset.com _______________________________________________ NZ Borland Developers Group Offtopic mailing list Post: Offtopic@delphi.org.nz Admin: http://delphi.org.nz/mailman/listinfo/offtopic Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
