A review of things you need to know before you go home on Friday; WMP prices soften, regional growth respectable, new type of student visa, swap rates flatten, NZD quiet

Here are the key things you need to know before you leave work today.

TODAY’S MORTGAGE RATE CHANGES
No rate changes again today.

TODAY’S DEPOSIT RATE CHANGES
No rate changes today here either.

CAN’T HOLD ITS RECENT GAINS
We have another GDT dairy auction due next Wednesday and today there was a noticeable, but small, roll back in pricing on the NZX derivatives market. That sort of reflects what the USDA reported overnight; some steam going out of the recent upward trend.

CHALLENGES BUT RESPECTABLE
ANZ’s regional monitoring shows composite economic activity rising +3.1% in the North Island and +1.7% in the South Island on a year-on-year basis. The strongest rates of quarterly growth were in the top and bottom of the country. Activity rose in eight of the nine North Island regions and four of the five South Island regions, with activity falling in Wellington and the West Coast. While annual growth eased to 2.8% – a three year low – it’s still very respectable. Forward-looking indicators suggest a solid pace of expansion will be sustained for most regions, they say.

A SMALL ADJUSTMENT
Around 3,900 families receive the “minimum family tax credit”, most of whom are a sole parent caring for one or two children. They are to get an after-tax increase of $14/week starting on April 1, 2016. All up, that is a $30 mln change.

GETTING MORE VALUE FROM INTERNATIONAL STUDENTS
The Government has announced a new student visa designed to make New Zealand more competitive for retaining and attracting top international students. The Pathway Student Visa will allow international students to undertake a pathway of up to three consecutive programs of study with selected education providers. A pathway can be offered by a single education provider or in partnership with other selected education providers. They will be valid for a maximum of five years.

WHOLESALE RATES SETTLE
Local wholesale swap rates for 2 and 3 years are up +1 bps while those for 7 and 10 years are down -1 bps. While the rate curves are not dramatically flatter, this does represent more moves in that direction. The 90 day bank bill rate pulled back another -2 bps to 2.84%.

NZ DOLLAR HANGS ABOUT
Our currency has meandered on light volume today. The Kiwi is now at 65.7 USc, at 91 AUc, and 62 euro cents. The TWI-5 is still at 71.5. Check our real-time charts here.

You can now see an animation of this chart. Click on it, or click here.

Daily exchange rates

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var chart_title_arr= ["US dollar","Australian dollar","Trade weighted index","Japanese Yen","Chinese Yuan","Euro","British pound"];
var chart_subtitles_arr= ["Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate"];
var tab_titles_arr= ["US$","AU$","TWI","u00a5en","u00a5uan","u20acuro","GBP"];
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else if (arr.length < 536)
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var b = 537 – arr.length;
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else if(arr.length == 536)
{
var b=2;
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// to generate the format for date representation in x axis

var timestamweek = 604800000;
var timestamday = 86400000;
var timestammonth30 = 2592000000;
var timestammonth31 = 2678400000;
var timestamyear = 31536000000;
var timestamquarterly = 7776000000;

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var yy1=fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
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mm= "01";
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mm= "02";
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else if (mm == "Mar")
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mm= "03";
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mm= "04";
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mm= "06";
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mm= "07";
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mm= "08";
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mm= "09";
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mm= "11";
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var timestam1 = Date.parse(date2);
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var timestam2 = Date.parse(date2);
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var timestamvar = (timestam2- timestam1);
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var k=0;

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do {
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var k2=k;

do {
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var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var current_year=""+new Date().getFullYear();
var c_year=Number(current_year.substring(2,4));
var c_data=Number(''+fomat.substring(k2+1,k3+1));
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var yy = “19”+fomat.substring(k2+1,k3+1);
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var yy = “20”+fomat.substring(k2+1,k3+1);
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// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
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mm= “01”;
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mm= “02”;
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mm= “04”;
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mm= “05”;
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mm= “06”;
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mm= “07”;
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mm= “08”;
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mm= “09”;
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mm= “10”;
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mm= “11”;
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else if (mm == “Dec”)
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mm= “12”;
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// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

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var timestam_1 = Date.parse(date);
var timestam= timestam_1+86400000; //86400000 added to get correct timezone output from Date.parse
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();
var flag_y=arr[i][1];
var ahref_title=”Click here for full story”;
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var url=arr[i][2];
var flag_date='{“x”:’+timestam+’, “title”:”  “,”text”:”Click here for Story!”}’;

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var yy2 = time4.getFullYear();
var yy3 = yy2+””;
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
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Weeko = “Fri”;
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Weeko = “Sat”;
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Weeko = “Sun”;
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//+++++++++++++++++++++++this is for month conversion+++++

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mm2 = “Jan”;
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mm2 = “Feb”;
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mm2 = “Mar”;
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mm2 = “Apr”;
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mm2 = “May”;
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mm2 = “Jun”;
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mm2 = “Jul”;
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mm2 = “Aug”;
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mm2 = “Sep”;
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mm2 = “Oct”;
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mm2 = “Nov”;
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mm2 = “Dec”;
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fomat2=mm2+”-“+yy4;
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fomat2=mm2+”-“+yy4;
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fomat2=dd2+”-“+mm2+”-“+yy4;
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// Functionality to get the last value

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do {
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// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
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mm= "01";
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else if (mm == "Feb")
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mm= "02";
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else if (mm == "Mar")
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mm= "03";
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else if (mm == "Apr")
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mm= "04";
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else if (mm == "May")
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mm= "05";
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else if (mm == "Jun")
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mm= "06";
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else if (mm == "Jul")
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mm= "07";
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else if (mm == "Aug")
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mm= "08";
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else if (mm == "Sep")
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mm= "09";
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else if (mm == "Oct")
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mm= "10";
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else if (mm == "Nov")
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mm= "11";
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else if (mm == "Dec")
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mm= "12";
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//here flagAr may be
var timestam = Date.parse(date);
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();

var yy2 = time4.getFullYear();
var yy3 = yy2+"";
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
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Weeko = "Mon";
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else if (Weeko==2)
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Weeko = "Tue";
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else if (Weeko==3)
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Weeko = "Wed";
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Weeko = "Thu";
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Weeko = "Fri";
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else if (Weeko==6)
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Weeko = "Sat";
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else if (Weeko==0)
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Weeko = "Sun";
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//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
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mm2 = "Jan";
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else if (mm2==1)
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mm2 = "Feb";
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else if (mm2==2)
{
mm2 = "Mar";
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else if (mm2==3)
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mm2 = "Apr";
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else if (mm2==4)
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mm2 = "May";
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else if (mm2==5)
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mm2 = "Jun";
}

else if (mm2==6)
{
mm2 = "Jul";
}

else if (mm2==7)
{
mm2 = "Aug";
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else if (mm2==8)
{
mm2 = "Sep";
}

else if (mm2==9)
{
mm2 = "Oct";
}

else if (mm2==10)
{
mm2 = "Nov";
}

else if (mm2==11)
{
mm2 = "Dec";
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
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fomat2=dd2+"-"+mm2+"-"+yy4;
}

// Daily
else if ( timestamvar = timestamyear)
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fomat2=mm2+”-“+yy4;
}

//monthly
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{
fomat2=mm2+”-“+yy4;
}

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var decpad;

decpad = parseFloat(arr[i][1]);
//arr[i][1] = roundVal(decpad);
arr[i][1] = decpad;
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var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
}
}

}
}

//other required functions

//chart configuration starts here

function getXMLHttpRequest(file) {

//var arrSignatures = [“MSXML2.XMLHTTP.5.0”, “MSXML2.XMLHTTP.4.0″,
//”MSXML2.XMLHTTP.3.0”, “MSXML2.XMLHTTP”,
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//for (var i=0; i < arrSignatures.length; i++) {

try
{
var xmlhttp = new window.XMLHttpRequest();
xmlhttp.open("POST",file,false);
return xmlhttp;
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catch(e)
{
error=e.message;
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throw new Error("MSXML is not installed on your system.");
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function readCSV(locfile) {
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var req = new getXMLHttpRequest(locfile);
//req.open("POST",locfile,false);
req.send("");
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}

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lineCSV[lineCSV.length-1]=lineCSV[lineCSV.length-1].replace(/^s*|s*$/g,"");
var fstart = -1;

for (var i=0;i=0) {
for (var j=fstart+1;j<=i;j++) {
lineCSV[fstart]=lineCSV[fstart]+","+lineCSV[j];
lineCSV[j]="-DELETED-";

}
fstart=-1;
}
}
fstart = (lineCSV[i].match(/^"/)) ? i : fstart;
}

var j=0;

for (var i=0;i<lineCSV.length;i++) {
if (lineCSV[i]!="-DELETED-") {
CSV[j] = lineCSV[i];
j++;
}

}

return CSV;
}

function roundVal(val_num){
var dec = 2;
var result = Math.round(val_num*Math.pow(10,dec))/Math.pow(10,dec);
return result;
}

function setdecimalpoints(deca)
{
var deca1= deca;
var deca2= parseInt(deca);
if((deca1-deca2)!=0)
{
return 2;
}
else
{
return 0;
}
}
for(i=0;i

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