Trade and the Exchange Rate. NZ Exchange Rate. We have several different exchange rates, one for each currency. It measures how much we would get in terms of the other currency per $1 NZ . http://www.x-rates.com/calculator.html. NZ Exchange Rate.
Market for the $NZ (depreciation)
Market for the $NZ (appreciation)
HAPPY farmers (X), therefore unhappy importers!
Market for the $NZ (appreciating)
UNHAPPY farmers (X), therefore happy importers!
Index of imported prices value