New Zealanders Make the Most of Strong Dollar Online

17 November 2011 - Which Way to Pay

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New Zealanders Make the Most of Strong Dollar Online

Although the strong New Zealand dollar is a disadvantage for exporters, online shoppers across the country are taking advantage of it by trawling foreign websites for great deals. DHL Express, the freight delivery operator, has reported exponential growth in the number of deliveries from abroad.

The number of deliveries increased by 26.6% from March to September this year for the company, leading to DHL having to boost its workforce in Auckland in order to keep up with demand.  Goods sent from the US saw the more dramatic increase, rising by 40% throughout the same time period.

The record-breaking strength of the kiwi dollar means that many shoppers are finding products much cheaper online from other countries. The increase in online spending has also been attributed to New Zealand shoppers become more accustomed and comfortable to buying on the internet.

One such example of the effects of the exchange rate were the prices seen of All Blacks rugby jerseys during the World Cup. The shirts could be bought for half the price in America than in New Zealand. From 2001 to today, the percentage of over 18s shopping online has more than quadrupled from 10% to around 46%.

 

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