This is ASB's Kiwi Dollar Barometer, which surveys NZ businesses with annual foreign exchange turnover of at least NZ$1 million.
- tracks exporters', importers' and importer/exporters' exposures to foreign exchange risk
- surveys businesses' expectations for the NZD/USD and businesses' hedging plans
- survey every 3 months
- More than 430 businesses surveyed
ASB's 'key takeouts' from the results (in brief):
- A clear turnaround in NZD sentiment was evident in the survey
- Surveyed respondents now expect the NZD/USD to average 75.3 cents by Q3 in 2018, which compares to a 12-month outlook of just 65 US cents three months ago.
- The change in view has occurred in conjunction with the recent lift in the NZD/USD and was generally across the board, irrespective of the size or trade focus of enterprise.
