Background A New Zealand-based exporter specializes in scrap metal shipments to the Philippines. Anticipating receipts of USD 3,000,000.00 over the next 4 months, the current cost rate is set at 0.6100. However, the exporter remains open to renegotiating pricing terms if the NZD/USD exchange rate surpasses 0.6300. Conversely, concerns arise
A New Zealand-based exporter operates in the timber log trading industry, serving markets in China and Singapore. Operating on a narrow margin of 5% due to the volatile nature of the commodity market, the monthly export volume amounts to USD 8,000,000.00, with a total FX volume for the year totaling USD 96 million.
A New Zealand importer specializes in the seasonal business of importing exotic fruits from South-East Asia and India. Anticipating invoices totaling USD 2,500,000 for fruit imports from South-East Asia in 6 months’ time, the current favorable NZD to USD exchange rate of 0.6500 poses a dilemma. There’s a concern that the NZD might weaken against the USD, potentially increasing the cost of imports.
A consumer client is relocating from New Zealand to Australia and expects to receive NZD 1 million from the sale of their house in three months. The current NZD to AUD exchange rate is 0.9500, which is favorable for converting their funds into AUD.
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