This page shows the exchange rate of the New Zealand Dollar against most world currencies. It presents high-frequency updated data directly coming from more than 170 big interbank liquidity providers such as ABN Amro, Abbey National Bank, JP Morgan Chase, Zurcher Kantonal Bank, UBS Investment Bank, Westpac and many more. This tool is specifically designed for traders demanding an excellent rates service. The real time streaming feed displays Open, High, and Low rates as well as the performance in pips and percentage. Click on a pair to get detailed information.
WHAT DO I GET HERE?
This page shows the exchange rate of the New Zealand Dollar (NZD) against most world currencies. It gives you valuable insights in terms of Relative Strength of the New Zealand Dollar and enables you to better understand intermarket relationships. Traders should look at it to establish a successful strategy, looking at the big image rather than looking at a single-dimensional scope.
Being organized by big geographic zones, it also provides information about capital flows between continents. For example, a negative performance of European currencies against the New Zealand Dollar shows money is migrating from Europe to Oceania during that particular day.
WHY SHOULD I ANALYSE THE RELATIVE STRENGTH OF THE NZD?
In an educational article on Relative Strength, the EzTrader team takes a clear example for the New Zealand Dollar - but the same thinking applies to the New Zealand Dollar of course: "Let’s assume that for some reason USD becomes the worst performing currency among all G10 currencies. If we look at the EUR/USD and AUD/USD we might see that they both strengthen against the USD, however it will be harder for us to determine which currency is stronger between the two unless we look at EUR/AUD. This process we will have to do for every currency pair so we can understand the relative strength of the currencies (bear in mind that just in the G10 complex we have 45 currency pairs.)"
ABOUT THESE RATES
Our rates present high-frequency updated data directly coming from more than 170 big interbank liquidity providers such as ABN Amro, Abbey National Bank, JP Morgan Chase, Zurcher Kantonal Bank, UBS Investment Bank, Westpac and many more. The real time streaming feed displays Open, High, and Low rates as well as the performance in pips and percentage compared to the price close at 00:00 GMT. Click on a pair to get detailed information.
ABOUT THE NEW ZEALAND DOLLAR
This currency behaves similar to the AUD because New Zealand's economy is also trade oriented with much of its exports made up of commodities. Together with the Australian Dollar, the NZD is called a commodity currency. New Zealand's dependence on commodity (mineral and farm) exports has seen the New Zealand Dollar rally during global expansion periods and fall when mineral prices slumped, as commodities now account for most of its total exports.
As per estimates from the last BIS triennal survey, in 2016 the NZD accounted for a daily transaction share volume of 2% of total Forex transactions, after the Chinese Yuan and the Swedish Krone.
Along with the Australian Dollar, the NZD has been for many years a traditional vehicle for carry traders looking for a currency with the highest yields, which has made this currency also very sensitive to changes in interest rates.