The forex market determines the exchange rate, an important macro-variable with implications for balance of payments, monetary policy, capital flows, and several other derived issues.
Under this climate, the economy has been able to take advantage of new trading opportunities in Asia and elsewhere; there has been strong growth in new sectors of activity – including in the information technology area; and the economy has been resilient in the face of severe external and domestic shocks, notably from the GFC and the Christchurch earthquakes.