AUD/NZD is the currency pair comprised of the Australian dollar and the New Zealand dollar. As the economies of New Zealand and Australia are closely interwoven, the two currencies tend to develop similarly against other currencies.

    This means, for example, that NZD/USD will correlate to AUD/USD. Also, it means that the price movement of AUD/NZD will often be not very volatile.

    To read more about the impact of economic fundamentals on currency pairs, we recommend to start here: