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#1
12-12-2006, 04:02 PM
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Investing in Foreign Currency from New Zealand
I'm going to Europe for 4 months in July next year, and have a fairly significant amount of cash (About NZ$20K, which is about US$14K- significant for me anyway) sitting in the bank for spending money. I read the business part of the local paper from time to time, and over the last month or so they have reported that the Kiwi is very high at the moment, and likely to fall in the new year.
http://www.nzherald.co.nz/category/s...ectid=10413100 http://www.nzherald.co.nz/category/s...ectid=10413819 http://www.nzherald.co.nz/category/s...ectid=10414720 Obviously, I like to protect my savings from devaluing between now and when I go (July), or even better, to make some money in the interim. Any reccomendations on what I should do? 
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#3
12-12-2006, 09:15 PM
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Re: Investing in Foreign Currency from New Zealand
The OP could probably have used a bit more clarification- I wasn't thinking about currency trading, or anything like that, just advice on when would be the best time or conditions to exchange my spending money (out of NZ dollars, and probably into Euros) over the next 7 months so that I end up with the most money on my trip. Too low brow for this forum?
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#4
12-12-2006, 09:36 PM
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Re: Investing in Foreign Currency from New Zealand
Just exchange when convenient. Guessing about the market won't help (although it probably won't hurt either).
http://forumserver.twoplustwo.com/showfl...rue#Post7847443
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#5
12-13-2006, 02:44 AM
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Re: Investing in Foreign Currency from New Zealand
why do people always come in here looking for magical predictions about the future of financial markets? nobody knows dude. if they somehow did know, they wouldn't tell you.
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