The Kiwi Dollar has had little or no independent direction of its own this week. Instead, with an AUD/NZD rate firmly stuck around 1.1080, it is being dragged up and down entirely by external shifts in the Australian Dollar. Thus it is that NZD/USD opens in North America this morning at 0.6832; little changed on net over the past 24 hours. NZD/CAD is lower, though, with the rate down in the very low 87 Canadian cent area and threatening to break down on to an 86 cent handle for the first time this week. Overnight we have seen the latest official data on overseas visitor numbers. These always make fascinating reading. Short-term visitor arrivals, which include tourists, people visiting family and friends and people travelling for work, reached 3.7 million in the October year, up 8 per cent from a year earlier and a new annual record. Statistics New Zealand says the number of people going to New Zealand on holiday rose 8.6 per cent on an annual basis to 1.9 million people. During the past five years, annual visitor arrivals have regularly hit record highs, and have risen by more than one million, or 40 per cent, since the upward trend began in 2013. Meantime, people living in New Zealand took a record 2.83 million overseas trips in the October 2017 year, up 11 percent on the October 2016 year. If the NZD stays down at current levels, then a trip from North America to Middle Earth will now be quite a bit cheaper than it was a year ago.