November 2011
Beginner
335 pages
9h 33m
English
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Australian Dollar/New Zealand Dollar and Bank Bills
Notice Exhibit 5.17, the Australian dollar/New Zealand dollar historical chart and notice its opposite market movements to the Australian dollar/U.S. dollar and New Zealand dollar/U.S. dollar in Exhibits 5.14 and 5.16. For seasonality, one would recognize how many years Australian dollar/New Zealand dollar rose in the beginning months of the year and retraced at the end of the year while Australian dollar/U.S. dollar and New Zealand dollar/U.S. dollar peak in the later months and reach lows in the beginning of the years. The reason for this scenario is the cost of trade between New Zealand and Australia. More important may be the fact that New Zealand governmental budgets are proposed in May. ...
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