If you're touring New Zealand with us this year, or if you're thinking of touring New Zealand with us this year, pay attention! There's a silver lining to every cloud...
The ructions going on in the financial markets have caused the NZ$ to drop dramatically against the US$. In early October 2008, the NZ$ was worth US$0.67... (or to put it the other way around, US$1.00 bought NZ$1.49. Today, on Oct 8th, US$1.00 buys NZ$1.69. That's a change of 14% in the favour of the US$.
If you are thinking of booking a vacation in New Zealand, or you are booked to come and tour with us and have paid a deposit, it really would be worth considering paying the full amount now and taking advantage of the drop in the value of the NZ Dollar. By way of example, if you and your partner are booked on one of our 14 days Best of The Best Guided Tours, the saving is equivalent to the cost of a free return international flight from the US to NZ for one person.
Get that mouse clicking... :-)
Cheers for now. Safe riding..
John
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Friday, October 10, 2008
Wednesday, August 22, 2007
New Zealand just became great value again! NZ$ drops 18%
In just a few days last week, the Kiwi dollar fell from a high of US$ 0.82, down to 0.68, before rebounding to US$0.72, where it seems to be settled again, at least in the short term.
If you're thinking of touring New Zealand next year that's good news - your upcoming vacation just became 15-18% cheaper, depending upon your currency. For us Kiwis heading overseas for our vacations, things just became quite a bit pricier. :-(
The economic gurus have been telling us for sometime that the Kiwi Dollar is vastly overvalued, and needs to, and will definitely fall. Because of the attractive rates of interest available in New Zealand, a result of the way the NZ Government manages our inflation, overseas investors buy Kiwi Dollars, driving the value of the NZD up against other currencies. The rapid correction in the value of our currency will make NZ exporters and those of us in the tourism industry a bit happier.
Predicting the exchange rates is an imperfect science though, and no-one seems game to say whether they expect the Kiwi dollar to rise back up or fall further. The bottom line is, right now, make hay while the sun shines.. :-)
If you're already booked to tour with us this upcoming season, or have been delaying your decision, now's a great time to take advantage of the fall by perhaps paying for your tour in full while the Kiwi dollar is down.
If you're thinking of touring New Zealand next year that's good news - your upcoming vacation just became 15-18% cheaper, depending upon your currency. For us Kiwis heading overseas for our vacations, things just became quite a bit pricier. :-(
The economic gurus have been telling us for sometime that the Kiwi Dollar is vastly overvalued, and needs to, and will definitely fall. Because of the attractive rates of interest available in New Zealand, a result of the way the NZ Government manages our inflation, overseas investors buy Kiwi Dollars, driving the value of the NZD up against other currencies. The rapid correction in the value of our currency will make NZ exporters and those of us in the tourism industry a bit happier.
Predicting the exchange rates is an imperfect science though, and no-one seems game to say whether they expect the Kiwi dollar to rise back up or fall further. The bottom line is, right now, make hay while the sun shines.. :-)
If you're already booked to tour with us this upcoming season, or have been delaying your decision, now's a great time to take advantage of the fall by perhaps paying for your tour in full while the Kiwi dollar is down.
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