Wednesday, 2 April 2008

That Euro again!

I have been glued to the process of the NZD/Euro over this last year. It is the first thing I do when I turn on the computer every morning, even before checking email or Herald.

At times it has been nail biting watching the rate track all over the place. The exchange rate had a big impact on the transfer of our funds from New Zealand (in Euro). As of 1st Feb all the funds have been transferred/ converted, so it turns out that we have been quite lucky with the timing.

Even though the rate is no a longer a concern I still find I'm monitoring it closely. Rate hit a milestone today: first time it has dropped below 50cents since 2006.

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