Good time to plan a ski holiday to New Zealand

Tuesday 16 June 2015

Article by Mozo

With the Kiwi dollar expected to fall further against its Australian namesake in the coming months, all those planning a ski holiday this winter should consider New Zealand as a potential destination. 

Good time to plan a ski holiday to New Zealand

The NBR reported that the Kiwi may trade between 68 US cents and 71.80 cents this week, according to a BusinessDesk survey of 12 currency advisers. The Kiwi currency dropped last week after the Reserve Bank of New Zealand slashed the interest rate by 25 basis points to 3.25%.

Meanwhile, the Australian dollar is worth 77.65 US cents. This means that it’s a good time for Aussies to plan a holiday to New Zealand to get good value for their money.

According to Business Insider Australia, CBA’s foreign exchange and interest rate strategy team, believe the AUD/NZD cross will likely lift towards 1.12 on divergent monetary policy stances between the RBNZ and RBA.

If the CBA’s call is correct, a holiday in New Zealand could be about 1.3% cheaper in the months ahead.

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