 |
| NZ dollar is as strong as it has ever been against the US dollar http://www.3news.co.nz/NZ-dollar-hits-multi-month-highs-against-major-currencies/tabid/420/articleID/122309/Default.aspx |
19500 Of the 85,000 visitors are expected to be from the U.K. and 6,900 from North America. However if people are prepared to travel to this country a spend almost two months here, they are likely to spend whether or not the kiwi dollar is strong or weak. Furthermore, according to the same source there are around 29,000 visitors expected from Australia. And as some of us might be aware, the Aussie dollar is really strong right now, the purchasing power being even higher than the US dollar. So if even if the strong kiwi dollar will affect the British and US tourists' spendings, our rich Australian friends should be able to balance things out.
Major sporting events will benefit the economy of the hosting city/nation, this is why cities and countries try so hard to win the rights to host such events. The changes in economic condions will inevitable have some degree of influence, but the the overall benefits will still be there. Just recently the rights to host the 2018 and 2022 football world cup have been decided. The hosting countries are Russian and Qatar respectively. No economist will be able to predict how strong the Russian ruble or the Qatar riyal will be then, but one thing is almost certain, that the events will attract wealthy tourists who are willing to spend.
 |
Russia's Deputy Prime Minister Igor Shuvalov receives the World Cup trophy from Fifa President Joseph Blatter after the official announcement that Russia will host the 2018 World Cup |
http://www.3news.co.nz/NZ-dollar-hits-multi-month-highs-against-major-currencies/tabid/420/articleID/122309/Default.aspx
http://www.bloomberg.com/news/2011-05-31/n-z-rugby-organizer-confident-fans-will-weather-soaring-kiwi.html
No comments:
Post a Comment