This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.

  • NZD/USD will quote the going exchange rate for the New Zealand dollar and U.S. dollar.
  • It denotes how many U.S. dollars are required to buy one New Zealand dollar.
  • NZD/USD is also considered when a trader wants to place a carry trade.

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