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country currency pairs nzdsgd

NEW ZEALAND DOLLAR VS SINGAPORE DOLLAR

New Zealand Dollar vs Singapore Dollar (NZDSGD)

The NZDSGD currency pair represents the exchange rate between the New Zealand Dollar NZD and the Singapore Dollar SGD. This forex pair reflects the economic conditions and policies of both New Zealand and Singapore.

-.-- -.--%
Annual change
-.--%
All time High / Low
0.79035 / 1.09492
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
0.81629
High
0.82006

NZDSGD Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 0.82
  • Swap Short: -8.24
  • Margin Group: FX Majors
  • Margin Currency: NZD
  • 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 NZDSGD

The history of the NZDSGD currency pair dates back to the establishment of a floating exchange rate system in New Zealand in 1985. Since then, the NZDSGD exchange rate has been influenced by various economic factors, including changes in interest rates, trade balances, and global market dynamics. Singapore, known for its robust financial sector and export-oriented economy, and New Zealand, with its focus on agriculture and commodities, bring unique elements to this pair. Over the years, traders have monitored NZDSGD to gain insights into the economic conditions of both countries and to capitalize on trading opportunities arising from fluctuations in these currencies.

currency pair nzdsgd

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Frequently Asked Questions

NZDSGD represents the currency pair where the New Zealand Dollar NZD is exchanged for the Singapore Dollar SGD. In this forex pair, the NZD is the base currency, and the SGD is the quote currency. It tells traders and investors how many Singapore Dollars are needed to buy one New Zealand Dollar. The NZDSGD exchange rate is influenced by various economic factors, including interest rates, trade balances, and global market sentiment. Traders analyze this pair to make informed trading decisions and gain insights into the economic conditions of both New Zealand and Singapore. It is a valuable tool for those seeking diversification and trading opportunities within the Asia-Pacific region.

To trade the NZDSGD currency pair, you need to open an account. Once you have an account, analyze the market, create a trading strategy, and monitor the pair’s price movements. Execute your trades using your chosen platform, manage your risk with stop-loss and take-profit orders, and stay informed about economic events that could impact the exchange rate. Keep in mind that forex trading carries risk, so having a well-defined trading plan is crucial.

The trading hours for NZDSGD can be found here

Popular trading strategies for the NZDSGD currency pair include trend following, range trading, and fundamental analysis. Trend followers look for sustained moves in one direction, capitalizing on the pair’s momentum. Range traders, on the other hand, aim to profit from the pair’s price oscillations within a defined range by buying low and selling high. Fundamental traders focus on economic data and news releases from New Zealand and Singapore, using this information to predict currency movements. Additionally, traders often use technical analysis indicators and tools like moving averages, RSI, and Fibonacci retracement levels to make informed decisions when trading NZDSGD. The choice of strategy depends on individual preferences and risk tolerance.

When trading the NZDSGD currency pair, it’s essential to consider several key factors. First, monitor economic data and events in both New Zealand and Singapore, including GDP, employment figures, and central bank policies. Interest rate differentials and changes in monetary policy can significantly impact exchange rates. Additionally, keep an eye on global economic conditions and risk sentiment, as these factors can influence currency movements. Technical analysis tools and patterns can help identify potential entry and exit points, while effective risk management is crucial to protect your trading capital. Finally, consider any correlations or relationships between NZDSGD and other assets to gain a broader perspective on market dynamics.