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Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
How do decisions of the RBNZ impact the New Zealand Dollar?
High economic growth attracts foreign investment and may encourage the Reserve activtrades forex broker analysis Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. Check live rates, send money securely, set rate alerts, receive notifications and more. Wise is a Money Service Business registered with FinCen.
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Popular US Dollar (USD) Pairings
Exchange rates can fluctuate by the minute while markets are open. Additionally, it’s advisable to convert New Zealand Dollars to US Dollars early in the week if you need forex chart patterns USD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. Compare our rate and fee with our competitors and see the difference for yourself. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals.
New Zealand Dollar Exchange Rate
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Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Set an alert now, and we’ll tell you when it gets better. And with our daily summaries, you’ll never miss out on the latest news. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money. VERIFIED Low spreads are crucial for reducing trading costs.
- Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money.
- To view rates between the New Zealand Dollar and the US Dollar for a particular year, click on one of the links below.
- Check live rates, send money securely, set rate alerts, receive notifications and more.
- Gold extends its shallow recovery from Tuesday’s lows as it trades in the $2,640s on Thursday.
- The currency code for New Zealand Dollars is NZD.
Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens. The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates.
NZD to USD: Convert New Zealand Dollars to US Dollars
In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi.
The currency code for New Zealand Dollars is NZD. Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. You’ll now see the value of the converted currency according to the most recent exchange rate.
They add hidden markups to their exchange rates – charging you more without your knowledge. And if they have a fee, they charge you twice. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. The NZD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.
Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular New Zealand Dollar exchange how to write rfp for software rate is the NZD to USD rate.