Like other Kiwis I’ve been watching how our dollar performs against the US dollar. For the last while we’ve been watching it rise to a value we haven’t seen in a decade or two.
In theory this means items we import, such as say Apple Computers, should become cheaper. But the unhappy flipside of course is that our exports, especially meat, fruit, vegetables and wool, are bringing less money in to the country.
Yesterday the dollar finally broke through the 80 cent barrier: one NZ dollar buys 80 cents US:
The New Zealand dollar has cracked the US80 cent mark for the first time since it was floated 22 years ago. …The weakness of the US dollar is underpinning the rise.
[Source : Newswire.co.nz.]
Listening to the news this morning I suddenly realised that I’m an exporter too. I’m writing articles for a US website who pay me in US dollars, and royalties from WordPress 2 Visual Quickstart Guide also arrive as US dollars.
As soon as the dollar started going up I realised my income would reduce; I’d just never actually thought of myself as an exporter before.