The exchange rate of the Australian dollar to the New Zealand dollar on Forex
AUDNZD is a cross-currency pair that includes the Australian dollar as the base currency and the New Zealand dollar as the quoted currency.Thanks to the geographical proximity of Australia and New Zealand and the close relationship of their economies, the national currencies of both countries fluctuate almost similarly with respect to other currencies For example, the NZDUSD chart will move synchronously with the chart of AUDUSD currency pair.The economic performance of Australia depends on the volume of extraction of minerals and raw materials, and the exchange rate of the national currency depends on the world prices for gold and raw materials.The economy of New Zealand is focused on the export of sheep wool and products made from it.The trade relations of the country are established with the USA, Australia and the states of the Asian-Pacific region. When forecasting the behavior of AUDNZD pair, one should take into account these specific features and macroeconomic indicators of Australia and New Zealand, namely GDP level, consumer inflation, refinancing rate, business activity indices, unemployment rate, and other labor market data. In addition, when predicting the further movement of AUDNZD, it is worth considering factors affecting the economic situation in the United States.
The highest intensity of trade in the instrument is observed in the Asian session.
AUD/NZD Forex quotations and the current cross rate of the Australian dollar to the New Zealand dollar are shown below.
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