PPRuNe Forums - View Single Post - Air NZ into bankruptcy again
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Old 28th Aug 2005, 12:46
  #23 (permalink)  
petitfromage
 
Join Date: Feb 2005
Location: Chamonix
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$US vs $NZ

Personally I think the kiwis are lucky!

4yrs ago the pacific peso ($NZ) was worth $US0.33....today it is worth US$0.69.

Things would have been twice as bad a few years back and will be again very soon.

As the US puts up interest rates the $US will strengthen....and then the sh1t will really hit the fan downunder.

QF will not be exempt either, these are the good old days; things are only going to get gloomier so tighten you boots, its going to be a fun ride (to watch!)
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