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NZD/CAD

New Zealand dollar (NZD) to Canadian dollar (CAD) exchange rate.

Product Type: Currencies	Market: Global
Trading Hours: 24 hours, Mon-Fri.

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Description:

New Zealand’s dollar versus Canada’s dollar (NZD/CAD) is a minor currency pair of two top 10 currencies in the exchange market. The NZD/CAD price quote indicates how much of the Canadian dollar (nicknamed “loonie”) is needed to buy one New Zealand dollar (nicknamed “kiwi”). Differences between the monetary policies, interest and inflation rates of the Bank of Canada (BOC) and the Reserve Bank of New Zealand (RBNZ) all play a significant role in determining the parity’s exchange rate.

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Interesting Facts:

Loonie (=CAD) and Kiwi (=NZD) are the world’s 7th and 8th most actively-traded currencies, respectively. Both are also leading international reserve currencies.
Canada has the 9th largest economy in the world based on the gross domestic product (GDP) and the 14th largest based on purchasing power parity (PPP). It is the 5th largest energy producer, the 7th largest producer of crude oil and is overall one of the wealthiest countries in the world.
New Zealand’s efficient, market-driven economy relies heavily on exports of farming products, forestry and fishery – with a particular emphasis on the markets of Australia, China, Japan, the Republic of Korea and the European Union (EU).

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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. Read full risk warning.

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