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The foreign exchange market and derivatives activity

Carrick Lucas, Lauren Rosborough

In this article, Carrick Lucas and Lauren Rosborough present the findings of a survey on foreign exchange and derivatives activity in New Zealand and compare key features of the local market with the international market. This article is a forerunner to another, on exchange rate and interest rate derivatives, planned for the June Bulletin. The aim of this subsequent article will be to serve as a primer on derivatives.