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Re: [sharechat] WORK. AT THE COAL FACE- Investment results (4)

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Thu, 1 Mar 2001 01:07:32 +1300

Please refer to my previous post.

I forgot to mention that the previous results from Jan. 30 were based on an exchange rate of 0.7984.

The latest Australian results - see table - have a rate of 0.8209 !

If the previous rate of 0.7984 is applied, then the" INCREASE ( NZ ): 9.12 %" - see table - would read: 10.87%.

There is talk of the Aussies lowering their rates again. If dr. Brash won't match this, then we shall be worse off again, next time!

He may consider that the economic cycles of both countries are diverging; he could be worried about some wage increases still to come and the effects of the present agricultural export prices.

I better stop "giving him an excuse to hold the rates"!

I guess present exchange rates could have factored in some, if not most of any Aussie tinkering to come!

Gerry

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