NZD/CAD
NZD/CAD
0.8166
-0.12%High: 0.8184
Low: 0.8166
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
The New Zealand dollar currency pair to the Canadian dollar is considered a low liquid financial instrument. When trading this pair should be guided by economic indicators of New Zealand and the United States, such as discount rates, unemployment rates, GDP indicators, business levels and others.
The economy of New Zealand is based on agriculture: the production and processing of dairy products and sheep wool, which is exported all over the world. The country aspires to receive electricity from renewable sources, which in 2018 completely closes coal generation. After filming the kinotrilogy "The Hobbit" and "The Lord of the Rings" in New Zealand, the tourist business began to develop actively.
The value of the Canadian dollar is directly dependent on world oil prices, as Canada is one of the largest suppliers of oil: with the increase in oil prices, the Canadian dollar strengthens, with decline - weaken. The Canadian dollar is a commodity currency.
The NZD / CAD currency pair is built on the principle of direct quotation. The base currency is NZD, the New Zealand dollar, and the quoted currency is CAD, the Canadian dollar. The growth of the currency pair means the strengthening of the New Zealand dollar against the Canadian dollar, that is, more CAD is required to buy one NZD. A decrease in the exchange rate indicates the strengthening of the Canadian dollar.
Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The Canadian dollar - (currency sign - $ or C $, bank code: CAD) - the currency of Canada. It was introduced in 1858. The Central Bank of Canada has the right of issue and regulation. Refers to commodity types of currency, as it depends on the export of goods (oil, sulfur). Unofficial names: "Luni" and "small dollar".
New Zealand Dollar - (bank code: NZD) - often referred to as "kiwi" - the official currency of New Zealand, also on the islands: Niue, Cook Islands, Tokelau and Pitcairn. The central bank of the country that also issues currency is the Reserve Bank of New Zealand. Since 1999, New Zealand dollars have been printed on plastic.
FAQ
- How to trade Forex NZD/CAD?
Various cryptocurrency exchanges enable you to purchase NZD/CAD . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase NZD/CAD directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend NZD/CAD?
When trading the NZD/CAD, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the NZD/CAD can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.