Because international metal prices are denominated in US dollars and New Zealand scrap is sold in NZD, the exchange rate directly impacts what you get paid at the yard. When the NZ dollar strengthens against the USD, local scrap prices tend to soften (because each USD of metal value converts to fewer NZ dollars). When the NZD weakens, local scrap prices often improve. This FX effect works alongside LME price movements — the best selling conditions are when LME prices are high AND the NZD is weak. At endless metals, our pricing incorporates both factors daily.