The New Zealand economy has been the envy of many developed nations for some time now, but one expert believes the country's currency could be overvalued.
Finance minister Bill English explained in an interview with Bloomberg that there isn't much the government can do to rectify the situation, which has largely been driven by quantitative easing.
The New Zealand dollar has climbed in value by 12 per cent over the past two years and Mr English said "we don't really have a way of influencing the valuation".
"We will expect there may be a correction in valuation with the exchange rate when the US economy is clearly picking up, and there are signs of that now," he told the news provider.
Currency fluctuations are likely to be of great concern to anyone using accounting software in New Zealand, as they can have a significant impact on companies' bottom lines.
The International Monetary Fund (IMF) forecast that this elevation is likely to stay in place as long as global monetary policies remain loose - and any attempts at correction would be futile.
IMF mission chief to New Zealand Brian Aitken highlighted that such efforts should be avoided because the currency is one of the most widely traded in the global marketplace in relation to the country's size.
"The ability to pick the price through intervention is probably very limited without causing all other kinds of distortions," he also told Bloomberg.
This follows comments from governor of the Reserve Bank of New Zealand Graeme Wheeler, who recently suggested that price stability is essential for further economic expansion.
He told delegates at the Canterbury Employers' Chamber of Commerce in Christchurch that indicators are currently positive, but provisions need to be made to ensure this continues into the future.