Would like to hear arguments why the % change in our currency against other currencies is not a good indication of how the country is performing.
In the past 12 months the NZD relative to other currencies has fallen as follows:
USD 7.7% AUD 3.7% GBP 8.9% EUR 13.1% JPY 5.1% SGD 7.6%
In the past 12 months the NZD relative to other currencies has fallen as follows:
USD 7.7% AUD 3.7% GBP 8.9% EUR 13.1% JPY 5.1% SGD 7.6%