New Zealand dollar may keep falling until late 2023

While it's easy to think of a weak currency as being a bad thing, for export-focused economies it's generally good. (Photo: Getty)

Dan Brunskill

Fri, 30 Sep 2022

Currency traders don’t expect the New Zealand dollar to reverse its decline any time soon, as the US Federal Reserve hikes interest rates and global uncertainty continues. The kiwi has fallen more than 20% against its American counterpart in the past 12 months, recently falling as low as 55.70 US (NZ$0.97) cents. Last October, the kiwi traded above 72c. The trade-weighted index (TWI) has performed a little better but has still fallen from above 76 to sit at approximately 68 in recent days – a roughly 10% drop.This index me...

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