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New Zealand Dollar (NZD) - BER Currency Guide

In this currency guide we look at :


  1. NZD General Info
  2. NZD Market View
  3. NZD News & Updates
  4. NZD Cross Rates

New Zealand Dollar General Info

The three letter currency code for the New Zealand Dollar is NZD and the symbol is $. It is the domestic currency in Cook Islands, New Zealand, Niue, Pitcairn and Tokelau.

The New Zealand dollar is informally called the ‘kiwi’ by foreign exchange traders and analysts due to the kiwi bird, which is native to New Zealand, being something of a national symbol for the country. The kiwi bird is also depicted on New Zealand’s one-dollar coin.

Although the New Zealand dollar is considered one of the eight FX ‘majors’, it is actually only the world’s eleventh most traded currency. Apart from the other seven majors – the US dollar, euro, yen, pound, Australian dollar, Canadian dollar and Swiss franc – the New Zealand dollar’s share of the foreign exchange market (around 2%) also falls behind that of the Mexican peso, the Chinese yuan and the Swedish krona. The currencies of China and Mexico are not considered majors due to their emerging market status, while the krona’s share of the market has only exceeded that of the New Zealand dollar fairly recently (in 2016, according to the Bank for International Settlements) and so is not yet considered ahead of New Zealand’s currency.

In the past two decades, the New Zealand dollar’s lowest value against the US dollar occurred in October 2000 when the NZD/USD exchange rate traded at just 0.3901. The currency’s two-decade high occurred in August 2011 when NZD/USD reached 0.8842, although it could be said that this high valuation was achieved twice, because in July 2014 the exchange rate reached 0.8836, just several pips shy of that achieved in 2011.

Among the majors, the New Zealand dollar is considered a riskier currency, which means that its value will fall against the larger majors (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.



NZD - Market View

Big Bank Expects NZD to Fall in Coming 6-12 months

Analysts at Citi Bank noted in late May that improving trade, strength in dairy prices and record highs in US stocks (indicative of receding market risk) have supported New Zealand’s currency, but regardless were still forecasting a fall in the NZD/USD exchange rate to 0.68 in the coming 6-12 months. A move to that level would put NZD/USD at rates not seen since June 2016 and would mark a fall of 3.6% from the time of the report.

NZD/USD - 10:00 NZST

1 Day  1 Week: New Zealand Dollar was up against the United States Dollar with the NZD/USD at 0.7308, a rise of 0.59% and also up for the last 7 days with a rise of 0.7%.

3 Month Trend: NZD/USD is trading at 3-month highs and for the quarter is up 4.02%.


New Zealand Dollar - News & Market Updates

GBP EUR Plummets on Hawkish Draghi Speech

Sterling GBP/USD 1 Week Chart With the Bank of England’s (BoE) latest financial stability report having little impact on currency markets, movement in the Pound (GBP) yesterday was largely driven by its peers. There were a few points worth focusing on in the BoE’s report however as the bank warned against the rise in consumer... View article >
Posted on 28 June 2017 | 9:42 am GMT
Author: TorFX

NZD Reverses From 4 ½ Month High, EUR Still Climbing and AUD Rallies on Talk of Rate Hikes

NZD/USD climbed yesterday to highs not seen since early February but gave back all gains prior to the end of the New York session, and to the surprise of many finished down on the day. In the absence of any New Zealand-specific data or news, the rapid rise and sudden decline in the kiwi can... View article >
Currency:
Posted on 28 June 2017 | 8:05 am GMT
Author: Joel Wright

Pound Slumps against Commodity-Correlated Currencies as Risk Appetite Grows

Sterling GBP/USD 1 Week Chart The Pound (GBP) found little in the way of lasting gains on Monday despite the DUP finally agreeing to a deal with the Tories after two weeks of negotiations. While Theresa May will now have the support she needs to effectively rule in a minority government, markets remain wary of... View article >
Posted on 27 June 2017 | 9:31 am GMT
Author: TorFX

Euro Tumbles as Italy Bails out Two More Banks

Sterling GBP/USD 1 Week Chart The Pound (GBP) rose against the majority of its peers at the start of this week’s trading session following news that Theresa May was close to finalising a deal with the DUP to support a minority government. Markets are hopeful that the deal will help to stabilise May’s minority government... View article >
Posted on 26 June 2017 | 9:26 am GMT
Author: TorFX

Greenback Slips in Quiet Trade

The US dollar is starting the New York session with tiny losses across the board in an uneventful overnight session. AUDUSD and NZDUSD inched higher, supported by a bit of a bounce in oil prices. NZDUSD is still receiving help from RBNZ’s non-doveish stance. Nevertheless, NZDUSD is still lower than it was on Monday in... View article >
Posted on 23 June 2017 | 12:13 pm GMT
Author: Agility Forex

Sterling Strengthens as May Discusses Expat Rights at EU Summit

Sterling GBP/USD 1 Week Chart The Pound (GBP) rallied against the majority of its peers this morning following an EU summit dinner yesterday evening. After the dinner May outlined her plans to allow 3m EU citizens to remain living in the UK after Brexit, with German Chancellor Angela Merkel calling her plans a ‘good start’. Expat... View article >
Posted on 23 June 2017 | 11:07 am GMT
Author: TorFX

Twitchy Traders Tracking Crude

It has not been a stellar week for top tier economic data in Europe or the US. Traders are left scouring headlines and charts for something to justify their trades. They found it in oil, “Texas tea,” black gold”. However, they didn’t load up the truck and move to Beverley; Hills that is; swimming pools... View article >
Posted on 22 June 2017 | 1:34 pm GMT
Author: Agility Forex

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