AUD/NZD Forex Trading
AUD/NZD is a cross currency pair that presents two very common economies. This makes price prediction very exciting. Interested? Start trading AUD/NZD with FXOpen today!
AUD/NZD Live Charts
Use our AUD/NZD live chart to get the most up-to-date insight into the recent performance of this pair and other currency pairs used in forex trading. It can help you make informed decisions at home or on the go – no matter if you use the TickTrader desktop platform, web terminal, or mobile app. Our real-time chart includes the very latest price, historical data, and technical analysis tools to help guide your next trade.
What Is AUD/NZD Trading?
AUD/NZD is a cross pair in the forex market. By trading it, investors and traders speculate on the
exchange rate fluctuations between the Australian and the New Zealand dollars.
The Australian dollar is legal tender in Australia. It is abbreviated as "AUD" and called the
"Aussie." The New Zealand dollar is the official currency of New Zealand. It is abbreviated as "NZD"
and called "kiwi." Both currencies are often symbolised by the dollar sign "$" or sometimes as "A$"
and "NZ$," respectively, to distinguish them from other dollar-denominated currencies.
AUD/NZD represents the value of one Australian dollar in terms of New Zealand dollars. For example,
if the current exchange rate is 1.0800, it means 1 Australian dollar is equivalent to 1.0800 New
Zealand dollars.
The AUD/NZD FX pairing provides numerous trading opportunities. FXOpen offers low commissions and
spreads from 0.0 pips to remove all boundaries for exciting trading.
AUD/NZD Historical Performance
From 2000 until 2015, the pair moved in strong up and downtrends. However, the situation changed
in 2015 when it formed a narrow range of 1-1.15. This changed the approach traders took to
trading AUD/NZD but still left them numerous opportunities.
Still, within this narrow range, it manages to form considerable swings. Both Australia and New
Zealand are major commodity exporters. Fluctuations in commodity prices, particularly dairy
products and metals, can significantly impact the currencies of both countries and,
consequently, affect the aussie/kiwi exchange rate.
Major Factors That Affect AUD/NZD Rates
Key economic indicators, such as GDP growth, employment figures, inflation rates, and trade
balances, from both Australia and New Zealand, can impact market sentiment and influence the
AUD/NZD value.
Interest rate decisions by the Reserve Bank of Australia (RBA) and the Reserve Bank of New
Zealand (RBNZ) are also important factors to consider when making price forecasts, as they can
affect the attractiveness of each currency to investors. Higher interest rates in one country
relative to the other may attract foreign investment and strengthen the respective
currency.
The aussie and the kiwi are commodity-linked currencies which increases the level of their risk
sensitivity. Changes in risk appetite and market sentiment can influence the pair.
As neighbouring countries with significant trade and economic ties, developments in bilateral
trade and economic agreements can impact the aussie and the kiwi.
Are you interested in this pair? You can start trading it with FXOpen right away!