Why are some people panic selling $HAKA though?

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Why are some people panic selling $HAKA though?
Why are some people panic selling $HAKA though?

Why are some people panic selling $HAKA though? Answered September 11, 2021, · Author has 814 answers and 572.3K answer views Taking a look at the exchange rate of the Aotearoa New Zealand (NZ) Dollar to the Hong Kong Dollar, you can see the HKD has been depreciating over the last three weeks or so. But it hasn’t reached the brief low of February this year.

Nor of April 2018, nor of July 2017. In contrast, February 2020 saw the HKD at the highest point of the last 10 years. These things go in cycles, and the overall trend for the last 10 years is of the HKD appreciating. I think the OP was thinking of the HKD when they typed $HK, which was

What is the difference between HKD and $HK?

Answered September 4, 2021, · Author has 77 answers and 4.3K answer views If you use the HKD in an overseas transaction (typically for buying), it is listed in the HKDUSD. It’s at the time the OP was typing in the OP wanted to sell the Aotearoa NZ Dollar for HKD, to buy that 10-year low HKD-high. But it’s just one of the many US dollar currencies listed. So $NZD would be an appropriate exchange rate for the OP to consider. If they want to purchase NZD for HKD, the HKDUSD exchange rate of $HK would be an appropriate one. The Hong Kong Dollar is currently valued at 6.7 US Dollars. So $Aotearoa NZ Dollar is selling for 6.3 US Dollars or 66% of its reference value. Why are some people panic selling $HAKA though? Answered August 22, 2021, · Author has 1 answer and 44.

Why are some people panic selling $HAKA though?

Answered August 9, 2021, · Author has 671 answers and 427.3K answer views I’ve said it once and I’ll say it again. Everyone should be able to use Microsoft Excel. I’ve worked on many Excel or Microsoft Access systems where no one else has ever touched. It’s often all they need to get a work out of data. This is the most complex question I’ve ever dealt with on MSExcelQuiz, and I can’t even imagine having to look into the hundreds of variables and calculations this question mentions. I just can’t even fathom it. Anyway, there are several reasons why people panic sells $HAKA.

The Aotearoa New Zealand (NZ) Dollar to the Hong Kong Dollar exchange rate

The exchange rate has been very volatile over the past year or two, with much of the fluctuation happening in August/September of this year. In August 2016, the Aotearoa NZD/HKD rate was at $NZ1.816, but by June 2017 it had climbed to $NZ2.824. Since then, the rate has come crashing down, to settle at around $NZ1.55. In terms of purchasing power parity (PPP), a USD currency is currently valued around 6.31 HKD, which represents an increase of 7.57% from last year. Don’t forget to subscribe to the Sunday Rinse to keep up to date with all the best questions, answers, and memes!

The Hong Kong dollar appreciation from February 2020

The New Zealand Dollar or the NZD is not currently the top dog in its class. From the time I did the Yen/HKD conversion, the NZD/HKD has been trading at levels around 68.4 HKD for a time. This has been consistent with other comparable currencies, with the Kiwi/JPY at 66.15 for a while and now at 64.8. The NZD/SGD is much higher and I have no idea if it’s been rising from the lows, or just steady in the current range of 64.30-65.1. The Kiwi/AUD and the Kiwi/US Dollar both look like they are getting there, though. But the NZD does rate well on the broader ASEAN currency scores and also looks reasonably attractive on the Bloomberg currency scorecard. NZD/USD is trading at 0.

Conclusion

Let’s put aside the fact that the Hong Kong dollar was considered to be the most overvalued currency in the world until a year or so ago. There have been times in the past when there has been a “stronger Asian” currency that saw the Aotearoa New Zealand (NZ) Dollar appreciate against the Hong Kong dollar. However, we have seen the NZ Dollar depreciate against the Hong Kong dollar over the last year, and that has generally been thanks to Hong Kong. Ultimately, it’s the “system” that is the issue here, and the whole problem has been caused by “globalization”.

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