It will also lower the cost (or 'risk premium') associated with currencies such as the
New Zealand dollar.
The contrast between the economic challenges facing Singapore and the relative strength of the New Zealand economy also favors selling Singapore's currency and buying
New Zealand dollars.
In the 2013 survey, the
New Zealand dollar remained the tenth-most traded currency in the world.
New Zealand Dollar (NZD) 7.3141 1.0000 0.7820 0.8453
From 25 October 2011 the WisdomTree Dreyfus
New Zealand Dollar Fund will be renamed the WisdomTree Australia & New Zealand Debt Fund (AUNZ) and will offer broad-based exposure to local currency debt of Australia and New Zealand.
Meanwhile, Stuart Ive, a senior dealer foreign exchange at OMF in Wellington, said the
New Zealand dollar is above 77 U.S.
NZ dollar turnover accounts for one percent of global turnover, and 91 percent of all
New Zealand dollar turnover occurs offshore."
However, prices are low compared to a year ago and the
New Zealand dollar remains strong against the US dollar.
New Zealand Dollar (NZD) 0.7379 4.8936 0.4758 0.7413
100 Japanese yen 100 JPY 1.50431
New Zealand dollar 1 NZD 1.1576
Meanwhile, the
New Zealand dollar may soon be equal to the Australian dollar as early as the first quarter in 2015 following the uncertainty surrounding Russia's economy and the cautious tone of the Federal Reserve.
The
New Zealand dollar touched a new high against its Australian counterpart.
