Originally posted by Jog On
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But what I can say is that NZ interest rates are at 10.5 % (they are really ttying to kill inflation and house price increases.. unsurprsingly it is working). So the NZD is very strong, but obviously the interest rates have a lot of room to move... and when they do,... the NZ peso will sink like a stone... theoretically. Tiny little econmies are prob best left to the big boys to invest in (and locals who have little choice)
Maybe throwing a few £ into a company like Fonterra would be a good long term investment, it controls 98% of NZ's dairy exports... and its future looks rosey after this deal and record prices in recent time for dairy products.


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