Explore the best brokers and top platforms renowned for their excellence in trading the New Zealand Dollar (NZD) against the US Dollar (USD) in the forex market, exclusively curated by economies.com. Discover top-tier services, cutting-edge tools, and unparalleled support to elevate your trading experience.
NZD/USD is the abbreviation for the currency pair comprising the New Zealand dollar and the US dollar. This currency pair represents the exchange rate between the two currencies and is used to determine how much one currency is worth in terms of the other. For example, if the NZD/USD exchange rate is 0.72, it means that one New Zealand dollar is worth 0.72 US dollars. In this article, we will discover how you can trade NZD/USD.
The New Zealand dollar can be traded seven days a week, 24 hours a day, from 5pm EST on Sunday to 4pm on Friday.
Pepperstone provides an optimal trading environment for NZD/USD with tight spreads and rapid execution speeds. Known for its advanced trading tools and reliable platform, Pepperstone is a top choice for both experienced and new traders focusing on the NZD/USD pair.
Plus500 offers a secure and user-friendly platform for trading NZD/USD. With strong regulatory licenses and robust investor protection measures, Plus500 is ideal for traders looking for a reliable platform to trade this popular currency pair.
XM excels by offering extensive educational resources and practical online workshops to support traders in mastering NZD/USD trading. The platform's user-friendly interface and comprehensive support make it a great choice for beginners.
Pepperstone offers forex and cryptocurrency trading with competitive leverage and advanced trading platforms. Their focus on tight spreads and fast execution makes it an excellent choice for trading the NZD/USD pair.
Licenses | CySEC, BaFin, FCA, SCB, CMA |
Minimum Deposit | $0 |
Trading Platforms | MT4, MT5, cTrader |
Asset Coverage | Forex, CFDs, Commodities, Cryptocurrencies, Indices |
Customer Support | 24/5 |
Account Types | Standard, Razor, Swap-free |
Plus500 is a trading platform focused on providing investment services in foreign currencies. It features an easy-to-use interface and powerful trading tools, and is fully licensed and regulated, offering a secure trading environment for investors.
Licenses | FCA, CySEC, ASIC |
Minimum Deposit | $100 |
Trading Platforms | WebTrader, Windows 10, Mobile Apps |
Asset Coverage | Forex, CFDs, Stocks, Commodities, Cryptocurrencies, Indices |
Customer Support | 24/7 |
Account Types | Standard, Professional |
XM is a global trading platform focused on providing investment services in foreign currencies. XM is renowned for offering advanced educational materials for traders and provides a flexible and reliable trading environment with 24/7 customer support.
Licenses | CySEC, ASIC, IFSC |
Minimum Deposit | $5 |
Trading Platforms | MT4, MT5, WebTrader |
Asset Coverage | Forex, CFDs, Stocks, Commodities, Cryptocurrencies, Indices |
Customer Support | 24/7 |
Account Types | Various, including Islamic accounts |
The currency ticker for the rate between the euro and the New Zealand dollar is EUR/NZD. It provides traders with real-time information on the number of New Zealand dollars needed to acquire one euro.
The exchange rate between the British pound and the New Zealand dollar is represented by the ticker GBP/NZD. It provides traders with real-time information on the number of New Zealand dollars needed to buy one British pound.
The New Zealand dollar can be traded on Plus500 or XM seven days a week, 24 hours a day, from 5pm EST on Sunday to 4pm on Friday.
The NZDUSD currency is influenced by commodity prices, just like other currencies (AUD and CAD), although in the case of the NZD currency, the key commodities are dairy and milk prices.
Overall, the NZD is considered a stable currency due to the health and outlook of the New Zealand economy. The New Zealand economy is heavily dependent on tourism, so if the sector is thriving, the currency will often be stronger.