Full trading conditions >>
|Product Type: Currencies||Market: Global|
|Trading Hours: 24 hours, Mon-Fri.|
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.