Don’t bother. The forestry industry, like every other export industry in New Zealand, is going to have to live with an exchange rate that varies. There is nothing you can do about that, and there is nothing the government or the Reserve Bank can do about that. We live in a world of floating exchange rates.
BIS Review 107/1997  -5-  While it is conceivable that we could fix our exchange rate to the US dollar, or the Australian dollar, or even the TWI (as we once did) we can’t fix to all simultaneously. Inevitably we have to learn to cope with exchange rate variability.