New Zealand's International Education Sector: Tracking the Influence of Currency Values

This statistical summary paper describes the relationship between interest from international students in studying in New Zealand and the respective value of the New Zealand dollar against the currencies used by our major source countries for students (i.e. China, Japan, South Korea, and Germany as a smaller but growing market). The period covered is from July 1999 to June 2006. The information presented in this paper indicates differing results depending on the source country, as Chinese student interest appears to have been strongly correlated with the value of the NZ dollar, while interest from Japanese, Korean, and German students is not as strongly associated - or even correlated at all.