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|
|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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