33683 (2026). Tangi Utikere to the Minister for Rail

Written Question

Published date: 12 Aug 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	33683 (2026)
Question asked:	27 Jul 2026
Member asking:	Tangi Utikere
Portfolio:	Minister for Rail
Minister replying:	Rt Hon Winston Peters
Answer received:	06 Aug 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_33683_2026
Document guid:	f19f4f9a-2888-4417-af17-50ddbf78578e

33683 (2026). Tangi Utikere to the Minister for Rail: 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?

Rt Hon Winston Peters: 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.