Parity in sight?


The NZ dollar got to 99.8 vs the Australian dollar yesterday. Parity may not be far off. Even in the days before we floated the dollar, we were not at parity. The Reserve Bank data goes back to 1973 when we almost made parity. Since 1993 we’ve been at least 75 cents but never over 95 cents until recent months.

As I’m currently in , it’s great basically not having to convert prices.

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