NZD/USD
High: 0.5882
Low: 0.586
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
The New Zealand dollar to the US dollar is one of the most popular in the Forex market. Today, trading on the NZD / USD currency pair occupies about 10% of the world market turnover of Forex. The most attractive pair for medium and long-term trading.
The economy of New Zealand is based on agriculture, primarily the production and processing of dairy products and sheep wool, which is exported all over the world. The country aspires to receive electricity from renewable sources, which in 2018 completely closes coal generation. After filming the kinotrilogy "The Hobbit" and "The Lord of the Rings" in New Zealand, the tourist business began to develop actively.
The US economy is the largest global economy in terms of GDP, while the US has the largest public debt. The dynamics of these indicators has a strong influence on the US dollar rate, and the overall situation in the world economy. In addition, the US dollar is the main world reserve currency, and US government bonds are considered one of the most conservative and reliable instruments for investment.
The NZD / USD currency pair is built on the principle of direct quotation. The base currency is NZD, New Zealand dollar, and quoted - USD, American dollar. The growth of the currency pair means strengthening the New Zealand dollar against the US dollar, that is, to buy one NZD it takes more USD. A decrease in the exchange rate indicates a strengthening of the US dollar.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
New Zealand Dollar - (bank code: NZD) - often referred to as "kiwi" - the official currency of New Zealand, also on the islands: Niue, Cook Islands, Tokelau and Pitcairn. The central bank of the country that also issues currency is the Reserve Bank of New Zealand. Since 1999, New Zealand dollars have been printed on plastic.
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is possessed by the Federal Reserve System, which performs the functions of the Central Bank.
Various cryptocurrency exchanges enable you to purchase NZD/USD . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase NZD/USD directly from other buyers and sellers using different payment methods
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
When trading the NZD/USD, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the NZD/USD can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.