New Zealand Dollar exchange rates have remained fairly steady so far today following no great surprises from the import, export and trade balance figures released earlier today.
With exports being such a key data release for the New Zealand Dollar this data release can have quite an impact on the value of the currency, however with Trade balance coming out at -3.4 Billion no major market movements were witnessed.
Coming up tomorrow we have ANZ Business confidence figures and for anyone with an interest in Sterling exchange rates we have Gross Domestic Product (Growth) figures that are out shortly. Growth figures are a key barometer as to how an economy is performing and this will show how well or badly the U.K has performed since they voted to leave the EU in June.
Economic data has been fairly strong since the vote which has been propping up the Pound but should today’s data show that this may have dropped off a little then Sterling exchange rates may follow suit.
With so much economic data and so many things happening around the globe the New Zealand Dollar will continue to be extremely volatile in the lead up to and after the Christmas period.
If you are looking to exchange New Zealand Dollars in the near future then it is key to have someone helping you every step of the way. Feel free to contact me (Daniel Wright) by emailing email@example.com and i will be more than happy to get in touch personally to give you my thoughts on your personal situation and to explain how I can save you money too.