Technology exporter Rakon says the New Zealand dollar's roller-coaster ride is hurting the country's prospects of an export-led recovery.
The company says it is in good health, though it will have to shift more manufacturing work offshore to cope with the high value of the dollar against the greenback.
The dollar is trading at about 67.7 US cents on Monday morning, and is tipped to rise to 70c in coming months.
Rakon makes and exports crystal components for navigation systems used in devices including mobile phones.
Chairman Bryan Mogridge is calling for a combined effort to bring stability to the dollar.
Mr Mogridge says that in the past year the dollar has swung from 80c down to 50c and back to 67c. Such volatility makes it almost impossible to reach sensible strategic decisions, he says.
Milford Asset Management executive director Brian Gaynor says there is no easy solution to easing the dollar's strength.
