We went to Mcdonalds the other night. We were actually quite excited as we ahdn't had a burger of any description for a long time and it seemed to be a nice change of pace from pasta and pizza.
We arrived at the store and everything as how it should be with a few extras that we don't have back home. Andrea and I both ordered a McChicken meal. The cost - 13.60 euro - about NZ$35! Mama Mia (as they say in Italy!) RIP McDonalds until we are back in NZ!
Unless our European friends help out. A currency will tend to become more valuable whenever demand for it is greater than the available supply. It will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).
Increased demand for a currency is due to either an increased transaction demand for money, or an increased speculative demand for money. The transaction demand for money is correlated to the country's level of business activity, gross domestic product (GDP), and employment levels. (I can't see that changing too much).
The speculative demand for money is from people buying the curency hoping it's value will increase. If all our friends in Europe start buying NZ$ the value will increase! So please, pass the word around - BUY $NZ. You can sell all the $NZ at the end of the year and make a huge profit.
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