Asked in EconomicsNew ZealandWorld CurrenciesNew Zealand Coins
Why New Zealand dollars are so strong?
December 26, 2007 11:55PM
New Zealand economy is booming due to immigration in the recent past. the money is just pouring in and the house prices have muliplied in the recent past. There are many international investors investing in NZ due to these factors and politically stable conditions, no epidemics. riots, calamities and no terrorism too. So when evryone wants to buy in NZ or buy NZ dollar then the dollar will naturally go up. Some believe this phenomenon not to be sustainable and fear a slow doen soon.