AUD/NZD Forex Trading

AUD/NZD is a fairly common pair to trade. It represents two positively correlated currencies, making trading more exciting. Interested? Start trading with FXOpen today!
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AUD/NZD Live Charts

Use our AUD/NZD live charts to get the most up-to-date insight into the recent performance of this pair. 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 FX AUD/NZD chart shows the very latest price and also historical data to help guide your next trade.

Indicative pricing only

The TickTrader platform offers price charts and tools for traders to examine AUD/NZD live charts and other currency pairs used in forex trading.

What Is AUD/NZD Trading?

AUD/NZD – Australian dollar to New Zealand dollar – is a Forex currency pair. Although both the Australian dollar (aka Aussie) and the New Zealand dollar (aka Kiwi) are major currencies, it’s a minor pair. Minor currency pairs are usually characterised by lower liquidity and trading volumes. Still, this is a fairly common cross pair to trade at FXOpen with very competitive spreads and excellent liquidity.

The Australian dollar is the official currency of Australia and was put into circulation in 1966 when the country abandoned the complex system of pounds, shillings, and pence. The AUD is an important ‘commodity dollar’ in the exchange market, as Australia is a major exporter of natural resources.

The New Zealand dollar is the official currency of New Zealand and several other Pacific islands. The currency was pegged to the USD until 1985. According to a survey from the Bank of International Settlements, the Kiwi is the 14th largest currency in the world. New Zealand’s economy is largely supported by agricultural products. The NZD is also considered a ‘commodity dollar’ in the forex market.

Australia and New Zealand share a common history and heritage and their national currencies have followed a similar historical path. The Aussie and the Kiwi are correlated currencies, which means that they trade almost the same relative to other currencies.

In the forex AUD/NZD pair, the Australian dollar is the base currency, while the New Zealand dollar is the quote currency. So, the Aussie/Kiwi price represents the number of New Zealand dollars you need to pay to purchase one Australian dollar at any given point in time.

AUD/NZD Historical Performance

From 2000 to 2014, Aussie/Kiwi was trading within a range of 1.05-1.35. Prolonged uptrends and downtrends were common and sometimes showed unexpected activity. Interestingly, the pair gained an upward momentum during the financial crisis of 2007-2008. The maximum of around 1.37 occurred at the beginning of 2011, before the rate dropped sharply to about 1.00 in 2015. Since 2015, AUD/NZD has been trading between 1.03 and 1.14.

Major Factors That Affect AUD/NZD Rates

The Australian dollar rate is influenced by the Reserve Bank of Australia (RBA), the central bank of the nation. It ensures the financial stability of the country. The RBA regularly changes interest rates and updates monetary policy. The Australian Bureau of Statistics publishes the most important economic data, including GDP, employment, and inflation, which also affects the exchange rate.

Kiwi rates are influenced by the Reserve Bank of New Zealand (RBNZ), which preserves the reliability of the monetary and financial system. Statistics New Zealand (Stats NZ) publishes economic indicators that can significantly affect the NZD rate. The most important metrics are GDP, employment, and inflation.

Both countries are leaders in the commodity markets. Therefore, the sector's health strongly impacts AUD and NZD rates.

FXOpen technical and fundamental analysis data and financial news may help you examine how various factors affect AUD/NZD rates.

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