Skip to main content

What is the estimated cost to the programme of every one cent movement in the New Zealand dollar against the United States dollar below the weighted average contract rate of 0.5870 disclosed by Ferry Holdings Limited?

Answered Question 33683 (2026)
Question published
Reply lodged
Bookmark

Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What is the estimated cost to the programme of every one cent movement in the New Zealand dollar against the United States dollar below the weighted average contract rate of 0.5870 disclosed by Ferry Holdings Limited?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

Actually, Ferry Holdings disclosed a weighted average contract rate of 0.5874. The words “weighted average” should provide the member with a strong hint that Ferry Holdings has a range to anticipate exchange rate fluctuation scenarios. These are quite standard forecasting tools used by businesses engaging in foreign currency exchanges. The member would be welcome to seek more information about this topic from Ferry Holdings directly.