Recent trends in foreign exchange turnover
We examine recent trends in the global foreign exchange market using the 2004 BIS triennial foreign exchange turnover survey. The survey shows trading in the New Zealand dollar has increased significantly over the past three years. This reflects increased offshore capital investment into New Zealand and the associated higher global profile of the New Zealand dollar. Foreign exchange trading in New Zealand has also increased, largely in line with global trends. The survey gives new insights into the global nature of the New Zealand dollar market.