77% of retail investor accounts lose money when trading CFDs with this provider.
76% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read our full Risk Warning.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Australian dollar / New Zealand dollar (AUD/NZD) is a cross rate with relatively high liquidity despite its lower-than-average trading volume. The AUD (sometimes called the “Aussie”) and the NZD (commonly known as the “Kiwi”) are both among the six most-traded currencies in the world. AUD/NZD indicates how much of the Kiwi is needed to buy one Aussie. Differences between the monetary policies and interest rates of the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) are typically prone to affect the neighboring countries’ currency exchange rate.
Australia and New Zealand both have major currencies and both rely heavily on international trade.
Australia is known as the Land of Plenty. Immensely rich in natural resources, it is one of the world's top exporters of metals, minerals and agriculture commodity products.
Most of Australia's export efforts are directed to Northeast and West Asia: third of which to China, fifth to Japan, and fifth to South Korea and India.
New Zealand’s efficient, market-driven economy relies heavily on exports of farming products, forestry and fishery – with a particular emphasis on Australia, China, Japan, the Republic of Korea and the European Union (EU).