Track the NZ Current Account to gauge currency demand; a key indicator of economic health and foreign transactions.
This metric is closely tied to currency demand; an increasing surplus suggests that foreign entities are purchasing more of the domestic currency to conduct transactions within the country. This is one of the few non-seasonally adjusted figures available on the calendar, as it is the most frequently reported data. The goods component does not affect this figure since it is a repetition of the monthly Trade Balance statistics.
What it Measures
It represents the difference in value between imported and exported goods, services, income flows, and unilateral transfers from the previous quarter.
Usual Effect
When the 'Actual' value exceeds the 'Forecast', it positively impacts the currency.
Source & Frequency
Statistics New Zealand (latest release) - https://www.stats.govt.nz/ • Data is released quarterly, approximately 80 days after the conclusion of the quarter.
How Data is Derived
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Also Known As
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Acronym
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