(Bloomberg) -- For New Zealand, having the strongest currency in the world may be too much of a good thing.
The kiwi's record appreciation since it began trading in the foreign exchange market in 1985 has prompted Fisher & Paykel Appliances Holdings Ltd. to shift production of washing machines and driers to Thailand. Click Clack Ltd., which makes airtight food containers and brushes, is moving a tool design factory to China. Sanford Ltd., the country's largest publicly traded fishing company, said the strength of the currency is ``decimating'' earnings.
Read more at Bloomberg Exclusive News
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