Tia Maria
17th January 2008, 05:20 PM
Is there an exchange rate that would tempt you, or, allow you, to return back to your country of origin?
For instance if you came over with £100,000 and were lucky enough to get a rate of 2.85 you would get about $280,000 (minus fees). Then if the rate dropped to 2.2 you could get about £129,000 back.
Is there a level, maybe combined with a rise in the price of your NZ property when you'd be tempted?
(I've used the UK as an example as this is what I am familiar with, but the question applies to all currencies)
Cheers
Tia
For instance if you came over with £100,000 and were lucky enough to get a rate of 2.85 you would get about $280,000 (minus fees). Then if the rate dropped to 2.2 you could get about £129,000 back.
Is there a level, maybe combined with a rise in the price of your NZ property when you'd be tempted?
(I've used the UK as an example as this is what I am familiar with, but the question applies to all currencies)
Cheers
Tia