New Zealand dollar

And it's out of Auckland.

Now, In 1998, that sum was something like 50 million NZD.

In today money, it'd be roughly 100 million dollars.

And remember, that was real money in a country where nobody had really ever seen a software company sale like it.

40% is a lot.

So in other words, every corporate IT department had a big problem.

Late 2001, just four years after founding, NetIQ, a NASDAQ-listed American company, buys Marshall for $23 million USD, just under $50 million NZD.

Five founders share most of it.

And it is better if your employer can fund it.

I mean, I'm an employer, but I know when I look at the prices of this stuff, even at the low end, because it's USD and NZD is not strong against it, Get your employer funding it.

It's a lot cheaper to learn that way.

So I want to see us with a lot more ambition, driving it all through proactive policies if we're going to have them and encouragement to innovate, all of these sorts of good things.

The other market that didn't lift interest rates yesterday was New Zealand, even though a lot of the market expected there to be a rate rise.

And now since then, we've seen the Australian dollar reach a 13-year high against the NZD.

And what's that all about? Tell us more.

And does it mean it's a good time to go across the ditch?

Afternoon, Gawain.

Let's continue this conversation about the Kiwi dollar and the official cash rate.

Gee, the markets didn't like the Kiwi after that decision.

That was a jump scare.

Brent crude settling around $114 a barrel at the moment, so still high.

West Texas crude, $102 a barrel.

And just getting to those Kiwi dollar rates, 56.26 US cents.

79.7 Australian cents, 42.2 UK pence, 50.4 euro cents, 88.71 yen and 3.75 Chinese yuan.

Ko taku ingoa, Nona Pelletier.

Nona, weak New Zealand dollar.

Really? [laughs]

Yeah.

Talk us through that.

Yeah, so we have this...

We don't normally talk about it when we give you the currency numbers, but there's this thing called the trade weighted index, and it's a tool the Reserve Bank uses to measure the relative value of the New Zealand dollar against our trading partners.

And, you know, I'll just give you an example.

Yeah, so we had said, I think we originally said like 80k.

And then there was always confusion between like AUD and NZD because sometimes, you know, depending on what the figure is, it could be like an eight to 10 grand difference or even more.

We ended up probably spending, I think like 110 grand and we, We're just kind of one of those typical couples that just stop looking at the budget because we knew that we weren't getting carried away, but there were just things that we really wanted.

So I probably pushed for flowers a little bit more, but like photography and videography, we wanted to make sure that we had those memories.

Those are the ones in the top, and in the bottom you have Euro CNH, which is basically Euro, 'cause CNH is low beta.

You have Euro Dollar, Euro Sterling, New Zealand Dollar, and Nickel.

So seeing currencies dominating the RSIs, plus the positioning indicator that we run is like getting close to a bit scary, but absolutely no reason to be short dollars.

I find that a very hard setup, and, and to me, usually that leads, that means what happens is there's consolidation, so you need enough time for the overbought to burn off, for people's options to expire worthless, and then, you know, Euro can trend to 108 or 109.