Currency pair Australian Dollar to New Zealand Dollar
The Australian dollar, also called aussie, is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia. The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar.
New Zealand is a neighbor of Australia and economically close to it. The basis of New Zealand's economy is a highly efficient agriculture, primarily the production and processing of dairy products, which is exported all over the world. The country aspires to receive electricity from renewable sources, and in 2018 will completely close coal generation. In New Zealand, the tourism business is actively developing, which received new impetus after the filming of the movie trilogy "The Lord of the Rings" in this country. The bulk of tourists come from Australia and China. Since 1999, New Zealand dollars have been printed on plastic.
The AUD / NZD currency pair is built on the principle of direct quotation. The base currency is AUD - Australian dollar, and quoted - NZD, New Zealand dollar. The growth of the currency pair means the strengthening of the Australian dollar against the New Zealand dollar, that is, to purchase one AUD, more NZD is required. A decrease in the rate indicates the strengthening of NZD.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
Australian dollar - (bank code: AUD) - the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia (RBA).
New Zealand Dollar - (bank code: NZD) - often referred to as "kiwi" - the official currency of New Zealand, also on the islands: Niue, Cook Islands, Tokelau and Pitcairn. The central bank of the country that also issues currency is the Reserve Bank of New Zealand (RBNZ)
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