As I work my way through my spreadsheets, the New Zealand dollar has, according to Bloomberg, risen to as high as 76.86 U.S. cents today, the highest since being allowed to trade freely in March 1985.
I reckon that a very significant part of Pingar's long term revenues are going to be earned offshore. That is a core element of the Pingar business plan. With persistent high NZ interest rates, and the threat of more to come, US80c per NZ$1 is not out of the question. One does begin to ask, 'where is this all going to end?'
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