NZD (New Zealand dollar)

    By
    Andrey Orlov
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    0

    The New Zealand dollar is the official currency of New Zealand. It is among the top ten most traded currencies on the forex market. In the world of trading it is often referred to as the Kiwi.

    Trading the New Zealand dollar

    New Zealand generally has higher interest rates than other developed countries, such as the United States or Japan, thus it is often used for carry trades.

    The Australian economy also influences the NZD, because Australia is New Zealand’s most important trading partner. Learn more about correlating currencies:

    Currency correlation

    The most traded currency pairs containing the NZD are:

    New Zealand dollar and US dollar:NZD/USD
    New Zealand dollar and Australian dollar:AUD/NZD
    New Zealand dollar and Japanese yen:NZD/JPY