Figure 2 New Zealand’s real effective exchange rate  While we recognise the pressures associated with exchange rate overshooting, there is little the Bank can do to sustainably alleviate an overvalued real exchange rate, whether through monetary policy actions or the choice of exchange rate regime.
Measures have been taken and significant progress has been achieved in the last five years. The recent World Investment Prospect 2009–2011, UNCTAD, for instance, reported Indonesia ranks number 9 of 15 countries as the most prospective investment destination by foreign investors.