EURUSD 1.1736 USDJPY 112.01 USDCAD 1.2787 EURCZK 25.547 USDCZK 21.763 EURPLN 4.2295 USDPLN 3.6036
EURUSD 1.1736 USDJPY 112.01 USDCAD 1.2787 EURCZK 25.547 USDCZK 21.763 EURPLN 4.2295 USDPLN 3.6036

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The NZDUSD market is dependent on the economic standing of the USA, Asian countries and Australia

NZDUSD
Bid / Ask: 0.68093 / 0.68119
Price change: 0.00443 (0.65%)
Opening price: 0.68536
Maximum price: 0.68551
Minimum price: 0.67794
Display period:
Chart type:

Rule of thumb

Typically high interest rates in New Zealand, during the periods of monetary policy easing in the United States, may attract traders looking for carry trade opportunities on the NZDUSD market

The NZDUSD market price designates the value of one New Zealand Dollar in terms of US Dollars. The New Zealand Dollar closes the TOP10 of the most often traded currencies of the world, with a 1,6% share of the turnover in 2010, a  decline of 0.3% from 2007. On the other hand, the US Dollar is the most popular currency, accounting for 84,9% turnover on the global currency markets.

 

The NZDUSD market reacts to the development of economic situation in both the United States and New Zealand.

 

New Zealand is economically dependent from trade activities mainly with Australia, the United States, China, Japan and other Asian countries. New Zealand relies on international trade. Other important factors are tourism and the services sector. New Zealand changed its national currency in 1967 from the New Zealand Pound to the New Zealand Dollar. On the other hand, New Zealand is an active exporter of agricultural products such as wool, mineral fuel and oil.

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