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| Change | -0.25% |
| Spread | |
| Low | 0.66214 |
| High | 0.66503 |
| Swap Long | -3.84 |
| Swap Short | -1.16 |
| Margin Requirement | 0.5% |
| Min Trading Size | 0.01 |
| Max Trading Size | 1000 |
| Contract Size | 100000 |
| Leverage Up To | 1:200 |
| 3-day SWAPs | Wednesday |
| Commission per lot (single side)
CLASSIC $0 PRO $3 VIP $1.5
|
| Forex trading hours and server time
Open Monday 00:05 Close Friday 23:59 Server time GMT+2
Daily break 23:59-00:05 |
NZDUSD
This pairing represents the sum of U.S. Dollars (the quote currency) that is needed to equal the value of a New Zealand dollar (base currency). Trading the currency pair is also known as trading the "kiwi." Just like the USD/CAD, AUD/USD and NZD/USD, the NZDUSD is considered as a commodity pairing. This means that the pair's exchange rate is affected by the current market value of an underlying commodity. The NZD has benefitted in the past from a multi-decade commodity boom that saw its value soar so high that the Reserve Bank of New Zealand was forced to introduce devaluation measures in 2012. The NZDUSD is also influenced by the interest rate differential between the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve (Fed).
