$ 203815662240 623 1299705660 1337304496

This currency total shows the total amount of foreign exchange transacted by HiFX since 2001. To calculate the total on the site, we have taken the total actual audited volumes transacted each year and have added a daily average of our transacted volumes. This number is provided for information purposes only.

Transacted by HiFX

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Sep

2011

RBNZ Leave OCR Unchanged at 2.50%

15 September 2011

• RBNZ says rates need to rise if global economic impact is mild on the NZ economy
• Rates on hold for now given global risks
• RBNZ says high NZ dollar a drag on economy
• Domestic economic activity has surprised on the upside and capacity usage appears to have increased
• However, the outlook for New Zealand's trading partners has deteriorated markedly
• Sovereign debt concerns in Europe and the weakened global outlook have caused international bank funding markets to tighten
• Much of the current spike in inflation has been driven by last year's increase in the rate of GST, and will therefore be temporary

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Why people value HiFX?

"Excellent service. I wish I'd used this from the start - have wasted so much time in banks filling in forms"

Ms Tina Collins
"As always great service! Everything from the initial call to the text to say the funds had arrived was efficient and reassuring."

Mr Graham Dixon
"I am writing to say that I used your online service and was very impressed. It makes life very easy. Keep it up."

Mr Hafizali Kermali
"Great service! My money was in my Spanish bank account just two days after I requested the transfer on your website."

Ms Jackie Meikle, Director, Gemini Language Exchange
"Using HiFX meant that I got a better rate than the bank. "

Mr Lawrence Alpren

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Currency Converter

= 2.0760 NZD

(About this figure)

All figures shown are based on today's Interbank rates. This is the rate at which banks and brokers buy and sell money to each other. Private individuals and small to medium sized businesses cannot access these rates. They are therefore provided for indicative purposes only. For a quote please contact us.

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