AUD/NZD

The AUD/NZD is a commonly traded currency pair in the foreign exchange market. It specifies how many New Zealand dollars are needed to buy 1 Australian dollar. Both currencies have been popular with carry traders as they offer higher yields than other major currencies. The base currency is the Australian dollar—so its value will always be 1—and the value that changes is that of the New Zealand dollar. Natural resources are a cornerstone of both economies and both governments strive to keep inflation low and interest rates high. Value can therefore easily be affected by the health of commodity exports in each country. Follow the AUDNZD price chart here on eToro.