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NZD/CAD

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

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Product Type: CurrenciesMarket: 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.  

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 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 richest countries in the world.
  • New Zealand’s efficient, market-driven economy relies heavily on experts of farming products, forestry and fishery – with a special emphasis on the markets of Australia, China, Japan, the Republic of Korea and the European Union (EU).