NEW ZEALAND DOLLAR / US DOLLAR Trading
This currency pair measures how much 1 New Zealand Dollar is worth in US Dollars. The different sides of this currency pair can be affected by various factors such as central bank interest rate decisions, economic growth reports, and general market trends. Since New Zealand’s economy is heavily dependent on dairy exports, reports relating to the performance of this industry could also create currency volatility.
History of NZD USD Trading
New Zealand currency has a long history of over 160 years. The NZD is the official currency of New Zealand and is represented by the symbol $ or NZ$. New Zealand back in the 1800s used its banknotes and coins before British currency was even legal currency.
The US dollar caught up in the early 1920s, and by 1944, with the conception of the Bretton-Woods monetary system, the pound to dollar exchange rate was pegged at £1:$4.03. In 1971, the Britain pound became a free-floating currency as the Bretton-Woods system failed. Simultaneously the US dollar became free-floating, and the US decided to drop the gold standard.
|NZD/USD Forex Chart|
|Minimum Nominal Trade Size: 1000|
|Overnight Interest (daily) Sell: -2.31%|
|Overnight Interest (daily) Buy: -0.83%|
|Trading Hours (GMT): 24/5|
|MT5 / MT4 Symbol: NZD/USD|
Increase your ability
to profit in
all market conditions
Leverage options up to 20:1
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue
MT4, MT5, Webtrader & Iress with
superior client portal
Award winning support &
personal account managers
Low margins and competitive commission
+10,000 products on global stocks
across 4 continents
On long positions
No ownership of physical
En fournissant votre e-mail, vous acceptez la politique de confidentialité de FP Markets et recevez les futurs documents marketing de FP Markets. Vous pouvez vous désinscrire à tout moment.
Source - cache | Page ID - 5597