New Zealand exporters are revelling in the weaker kiwi dollar that makes their goods more competitive but retailers – who import all the goods shoppers buy – are feeling the pain.

"If you think of it in terms of what you can buy overseas, it's like taking a pay cut," said Hamilton Hindin Greene investment advisor Grant Davies.

The New Zealand dollar has fallen about 5 per cent during the past 12 months to around 63 US cents. BNZ currency strategist Jason Wong predicts it will be 61.50 cents by year-end while Westpac New Zealand strategy head Imre Speizer sees

Advertisement
Advertisement