AUD/NZD

AUD/NZD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Australian Dollar against the New Zealand Dollar.

The Australian Dollar, issued in Australia, holds a notable share of the foreign exchange market. According to the 2022 BIS Triennial Central Bank Survey, it is the sixth most traded currency globally. Australia is perceived to have strong economic ties with China, and the Australian Dollar may experience fluctuations in response to Chinese economic indicators and related factors.

The New Zealand Dollar, issued in New Zealand, is also heavily influenced by commodity prices, particularly dairy and agricultural exports. Both Australia and New Zealand have close economic ties, and their currencies can be influenced by similar regional economic factors. Therefore, the AUD/NZD currency pairing will be influenced by the differences between the Australian and New Zealand economies, as well as commodity markets.