Exchange rate crash December 22, 2008

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Uploaded by on Dec 16, 2008

Panel 1

The 11 mega trends

NZ dollars fall

Fastest and biggest

80 USc in March

52 USc by November




Panel 2

Yen fall even bigger

From 88 in March

To 49 in November




Panel 3

Against Aussie dollar

Relatively stable

Between 80-85 Ac




Panel 4

Why the big fall?

Interest rates slumped

90 day bank bill

From 9% in May

To 5.3% in December

NZ economic recession




Panel 5

Uridashis, Eurokiwis

Fewer new bonds

Commodity gloom

Carry trade danger




Panel 6

Great for exporters?

Depends on prices

Bad for importers?

Depends on prices

Holiday at home

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News & Politics

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