AUDNZD is the currency pair that represents the exchange rate between the Australian dollar AUD and the New Zealand dollar NZD. These two currencies are both from the Asia-Pacific region and are often traded together due to their close geographical proximity and economic ties.
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Annual change
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All time High / Low
0.98282 / 1.15845
Buy
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Sell
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Daily price range:
Low
1.10164
High
1.10545
AUDNZD Contract Specifications
Minimum Spreads, points: 0
Contract Size per Lot: 100000
Swap type: Points
Swap Long: -6.2
Swap Short: -1.83
Margin Group: FX Majors
Margin Currency: AUD
Tick size: 0
Trading Platform: MetaTrader 4
Minimum Volume: 0.01
Maximum Volume: 0
Trading Schedule EET: 00:00 - 23:59 Mon - Fri
Hedged Margin: 1
Days Swap: FX Wednesday, metals-indices-oil friday
History of AUDNZD
The history of the AUDNZD currency pair reflects the economic and financial interactions between Australia and New Zealand. Over the years, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, interest rates, commodity prices, and global market sentiment. Both countries are known for their exports, particularly in the commodities sector, which adds complexity to the dynamics of the AUDNZD exchange rate. Traders and investors closely track this pair for insights into the relative strength of the Australian Dollar and the New Zealand Dollar, making it an essential component of the forex market.
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The history of the AUDNZD currency pair reflects the economic and financial interactions between Australia and New Zealand. Over the years, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, interest rates, commodity prices, and global market sentiment. Both countries are known for their exports, particularly in the commodities sector, which adds complexity to the dynamics of the AUDNZD exchange rate. Traders and investors closely track this pair for insights into the relative strength of the Australian Dollar and the New Zealand Dollar, making it an essential component of the forex market.
To trade the AUDNZD currency pair, you should open a trading account with your chosen broker, completing any necessary identity verification. Once your account is funded, select a suitable trading platform provided by the broker. Analyze the market using technical and fundamental analysis, then execute buy (long) or sell (short) orders based on your analysis and trading strategy. Keep a close eye on your positions and adjust stop-loss and take-profit levels as needed. It’s crucial to implement effective risk management techniques to protect your capital and stay informed about news and events influencing the AUDNZD exchange rate. Continuously evaluate your trading performance and adapt your strategies as necessary.
There are several popular trading strategies that traders use when trading the AUDNZD pair. One strategy is trend following, where traders analyze the price movements and try to identify and follow the prevailing trend. This could involve using indicators like moving averages or trendlines to confirm the direction of the trend and make trading decisions accordingly. Another strategy is range trading, where traders identify support and resistance levels and trade within that range. This strategy works well when the AUDNZD pair is moving within a specific price range without a clear trend. Breakout trading is another strategy, where traders wait for a breakout to occur from a consolidation phase and then enter trades in the direction of the breakout. Other strategies may involve using technical indicators, such as oscillators or chart patterns, to generate trading signals. Ultimately, the choice of strategy depends on the trader’s trading style, risk tolerance, and market conditions.
When trading the AUDNZD pair, there are several factors to consider. First, monitor economic data and indicators from Australia and New Zealand, such as GDP, inflation, employment figures, and central bank monetary policies. These can have a significant impact on the exchange rate. Additionally, keep an eye on global commodity prices, as both the Australian and New Zealand dollars are influenced by commodity exports. Political events and geopolitical tensions can also affect the currency pair, so stay informed about any political developments in the two countries. Finally, consider factors such as market sentiment, technical analysis, and correlation with other currency pairs to make well-informed trading decisions. Regularly monitor news and economic calendars to stay updated with relevant information that may impact the AUDNZD pair.
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