NZD/CAD

NZD/CAD

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NEW ZEALAND DOLLAR / CANADIAN DOLLAR Trading

The NZD/CAD is the abbreviation for the currency pair New Zealand dollar against the Canadian dollar, which is a cross-currency pair. The base currency is NZD, and the quote currency is CAD.

History of NZD CAD Trading

New Zealand currency has a long history of over 160 years. During the 1800s, New Zealand used its coins and banknotes before British currency was even legal currency. The New Zealand dollar is the official currency of New Zealand and is represented by the symbol $ or NZ$ to set it apart from other currencies based on dollars. The New Zealand dollar is being used by Niue, the Cook Islands, Tokelau, and the Pitcairn Islands.

In the 1850s, the Canadian dollar was introduced. The Canadian pound was the original unit of currency, but the structure was altered to better facilitate trade with the United States. As time passed, the Canadian dollar saw significant growth. The country is ranked 9th as the largest in the world with wealth and stability helping it grow faster. Canada is thriving on exporting goods seeing the industry increasing rapidly.

NZD/CAD Forex Chart
Instrument: NZD/CAD
Spread: floating
Leverage: 20:1
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -3.21%
Overnight Interest (daily) Buy: -1.74%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: NZDCAD

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NZD/CAD Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the NZD/CAD whenever the currency pair is more volatile. From 13:00 and 17:00 (GMT), the NZD/CAD is usually busy (GMT).

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