New Zealand dollar cheapest since January

8 March, 2012


Sending money to New Zealand has become a little cheaper this week, with the New Zealand Dollar at its weakest level against sterling since mid-January. At 8pm tonight the Reserve Bank of New Zealand kept interest rates on hold at 2.5%, but negative sentiment in the lead up to the monetary statement caused selling off of the NZD, with risk aversion also a factor. While the Kiwi remains well below the £1=$2 level last seen at the turn of the year, at least those of you making money transfers to New Zealand have a little better news this week.