AUD/NZD - Rate, Chart, Analysis & News
AUD/NZD is a Forex ticker that represents the price it will cost you in NZD to buy 1 Australian dollar. FX currencies are shortened to three-letter abbreviations for ease and are called ISO codes. The Forex market trades in these currency pairs and have a quote structure of Base/Quote (AUD/NZD).
The live AUD/NZD rate is shown below in an interactive chart that you can use for technical analysis. Our real-time news and analysis will keep you up to date with factors affecting the price movements of AUD/NZD, both fundamental and technical.
AUD/NZD Currency Chart
Recommended Forex Brokers to Trade AUD/NZD
The AUD/NZD currency pair represents the pairing of the currencies for 2 global powerhouses , Australian Dollar against the New Zealand Dollar. The value of this currency pair is based on how the price of the NZD compares to 1 AUD.
This is one of the more popular currency pairings for those looking to get exposure into Asia Pacific region.
What influences price of AUD/NZD
With both nations occupying a significant role within the economies surrounding the Asia Pacific region, there are internal/external factors which could influence price movements. These include domestic factors related to general production or output. These come in the form of rate decisions by the RBA (Reserve Bank of Australia) and RBNZ (Reserve Bank of New Zealand )respectively, to GDP numbers, Unemployment rates, retail sales etc. Depending on the data we will traditionally see the NZD weaken or strengthen against AUD. News which is positive for AUD may see a weaker NZD, and negative news or data for AUD will see NZD gain on the base currency.
The biggest such example of a significant move in AUD/NZD trading in 2019 came when we saw NZD move from $1.72 in May to $1.02 in August.
This run was caused by rate cuts from New Zealand on both months, along with better than expected fundamental data from Australia.
What is the best broker to trade the AUD/NZD pair?
There are many online brokers that support day trading of the AUD/NZD pair. We are constantly evaluating new and existing brokers to recommend the most reliable ones. For more information, you can go to our page that reviews and compares the best Forex brokers to learn more about the different platforms where you can trade AUD/NZD.
When I trade the AUD/NZD pair will I own the actual currency?
No. CFDs allow you to speculate on rises and falls in the currency pair without having physical ownership. With CFDs, you only have to put in a fraction of the market value of the underlying asset when making a trade. Unlike investing, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying/selling is a contract between yourself and the CFD provider.
How to trade the AUD/NZD pair?
Trading the AUD/NZD pair is connected to a lot of volatility in price movements, which can often be sharp and unexpected. This pair is ever changing due to the various factors which influence it. As a result of this, it is necessary to have a large level of margin in the event you have errors in entering a position in times of volatility. Traders should also consider where they place stop losses to avoid quick and big losses should the markets go against them, and take profits, to secure gains from winning trades.
See other currency pairs live rates here.