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country currency pairs nzdusd

New Zealand Dollar vs US Dollar

New Zealand Dollar vs US Dollar (NZDUSD)

The NZDUSD currency pair represents the exchange rate between the New Zealand Dollar NZD and the US Dollar USD. It is a popular currency pair in the forex market.

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Annual change
-.--%
All time High / Low
0.54684 / 0.87077
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
0.59651
High
0.60234

NZDUSD Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -2.69
  • Swap Short: -2.58
  • 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 NZDUSD

The history of the NZDUSD currency pair dates back to the introduction of the New Zealand Dollar NZD in 1967. Before that, New Zealand used the New Zealand Pound. The NZDUSD pair has been influenced by various economic factors over the years, including changes in interest rates, economic data, global events, and market sentiment. The USD’s status as a global reserve currency and the relative strength of the New Zealand economy have played a role in shaping this pair’s historical movements. Traders often analyze historical price charts and patterns to make informed decisions when trading NZD/USD, given its volatility and sensitivity to economic developments in both countries.

currency pair nzdusd

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Frequently Asked Questions

NZDUSD is a commonly used currency pair symbol in forex trading. It represents the exchange rate between the New Zealand Dollar NZD and the United States Dollar USD. In this pair, the NZD is the base currency, and the USD is the quote currency. When you see the NZDUSD exchange rate, it tells you how many US dollars you need to buy one New Zealand dollar. For example, if the NZDUSD rate is 0.7000, it means you would need 0.70 US dollars to purchase one New Zealand dollar. Traders and investors use this pair to speculate on the relative strength or weakness of these two currencies and make trading decisions based on their analysis of economic data, market sentiment, and other factors affecting these currencies.

To trade the NZDUSD currency pair, you need to open an account. Afterward, analyze the market, create a trading strategy, and execute your trades using the broker’s trading platform. Monitor the pair’s price movements, set stop-loss and take-profit orders to manage your risk, and stay updated on relevant economic news and events that can impact the exchange rate. Risk management and a well-defined trading plan are crucial when trading NZDUSD or any currency pair.

The trading hours for NZDUSD can be found here

Popular trading strategies for the NZDUSD currency pair include trend following, range trading, and fundamental analysis. Trend followers aim to profit from sustained price movements, while range traders focus on trading within defined price ranges. Fundamental analysis involves assessing economic data and news releases from New Zealand and the United States to make trading decisions. Traders also use technical analysis tools like moving averages, RSI, and Fibonacci retracement levels to identify potential entry and exit points. The choice of strategy depends on individual preferences, risk tolerance, and market conditions.

When trading the NZDUSD pair, consider several key factors. Monitor economic data and events from both New Zealand and the United States, including GDP, employment figures, and central bank policies. Interest rate differentials and changes in monetary policy can significantly influence exchange rates. Additionally, keep an eye on global economic conditions and risk sentiment as these factors can impact the currency pair. Employ technical analysis tools to identify trends and support/resistance levels, and implement effective risk management strategies to protect your trading capital. Be aware that the USD’s status as a global reserve currency can make the NZDUSD pair sensitive to events and policies affecting the U.S. economy.