The New Zealand dollar to the US dollar is one of the most popular in the Forex market. Today, trading on the NZD / USD currency pair occupies about 10% of the world market turnover of Forex. The most attractive pair for medium and long-term trading.
The economy of New Zealand is based on agriculture, primarily the production and processing of dairy products and sheep wool, which is exported all over the world. The country aspires to receive electricity from renewable sources, which in 2018 completely closes coal generation. After filming the kinotrilogy "The Hobbit" and "The Lord of the Rings" in New Zealand, the tourist business began to develop actively.
The US economy is the largest global economy in terms of GDP, while the US has the largest public debt. The dynamics of these indicators has a strong influence on the US dollar rate, and the overall situation in the world economy. In addition, the US dollar is the main world reserve currency, and US government bonds are considered one of the most conservative and reliable instruments for investment.
The NZD / USD currency pair is built on the principle of direct quotation. The base currency is NZD, New Zealand dollar, and quoted - USD, American dollar. The growth of the currency pair means strengthening the New Zealand dollar against the US dollar, that is, to buy one NZD it takes more USD. A decrease in the exchange rate indicates a strengthening of the US dollar.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
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. Since 1999, New Zealand dollars have been printed on plastic.
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is possessed by the Federal Reserve System, which performs the functions of the Central Bank.
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