NZD/USD - New Zealand Dollar / US Dollar - Forex Currency Pair

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The NZD/USD Currency Pair (New Zealand Dollar / U.S. Dollar) is the exchange rate of the New Zealand dollar expressed in U.S. dollars. It expresses the value of one New Zealand Dollar in US Dollar. Forex professionals also nicknamed the Kiwi.

The NZD/USD represents about 1% of total transactions on the FOREX in 2010. The pair NZD/USD is deemed to be related to changes in gold prices. Indeed, New Zealand is the 3rd largest gold producer in the world and as such, when gold prices declines, the New Zeland dollar also declines. It is found a positive correlation of 84% with gold between 1998 and 2008.

The pair NZD/USD was also positively correlated almost perfectly with the AUD / USD (96% between 1998 and 2008). This can be explained by the fact that Australia is a preferred business partner because of its proximity. If Australia is economically healthy, exports from New Zealand will increase and this will have a beneficial effect on economic growth.

The pair NZD/USD is quoted in 4 decimal places but you can sometimes find 5 with some brokers. The exchange rate is floating and therefore subject to the law of supply and demand on the interbank forex market.

Both central banks linked to the pair Euro / US Dollar are the New Zeland Central Bank for NZD and the Federal Reserve (FED) for the USD. Both banks rarely intervene directly to change the exchange rate. However, all decisions taken by these two central banks have a strong impact on the evolution of the NZD/USD (changing interest rates, asset buyback program ....)

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NEW ZEALAND DOLLAR (NZD) :

The New Zealand Dollar (NZD) is the national currency of New Zeland. The New Zealand dollar is the 10th most traded currency on Forex, just behind the Swedish Krona. The NZD is present in 1.60% of total transactions on the FOREX in 2010.

Its notoriety is largely due to the fact that New Zealand is a major gold producer. The New Zeland dollar is heavily influenced and correlated with the gold price. Gold is considered by many investors as a safe haven, so that is Dollar New Zealander also a safe haven.
 

You can see below a note of 20 New Zealand Dollar banknote:
NZD New Zealand Dollar

The New Zealand Dollar is controlled by the National Bank of New Zealand which is responsible for making monetary policy decisions

US DOLLAR (USD):

The U.S. Dollar (USD) is the currency of the United States. The U.S. dollar is the most traded currency on the Forex and is present in 85% of total transactions in 2010. In 2001, 90% of transactions were linked to the Dollar. The U.S. dollar is a currency of reference both in the foreign exchange market and in international trade.

The dollar is still considered a safe haven even if the contestations are becoming more numerous. Indeed, the debt of the United States but is becoming alarming, but does not challenge the supremacy of the dollar.

 The dollar is also the most used currency in reserve in the world especially in China which has 2.5 trillion dollars in foreign currency reserves.

In terms of banknotes in circulation, the dollar is the second currency in the world. You can see below a $1 banknote :
US DOLLAR

The U.S. dollar is controlled by the Federal Reserve (FED) that is responsible for making monetary policy decisions.

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