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[sharechat] nz dollar

From:	"mrgoodall" <mrgoodall@xtra.co.nz>
Date:	Wed, 11 Jul 2001 05:54:19 +1200

Grahem ive just been reading an article quoting Tony Alexander chief economist for the Bnz , he states even the experts have only 50% chance for correct forward prediction of the new nz dollar , in the last 4& half years they have on average overvalued their predictions by an average of 8 cents.

he suggests anyone investing in overseas currencies is best to average their investment ie,

divide their investment into 12 and trade a portion every month.

hope that helps Mike g

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