NZD/CAD

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

The New Zealand Dollar, issued in New Zealand, is heavily influenced by commodity prices, particularly dairy and agricultural exports. New Zealand's economy is closely tied to these sectors.

The Canadian Dollar, issued in Canada, is heavily influenced by commodity prices, particularly oil, due to Canada's significant natural resource exports. The Canadian Dollar may experience fluctuations in response to these commodity prices and other economic indicators related to Canada. The NZD/CAD currency pairing will be influenced by the relative economic performance and monetary policies of New Zealand and Canada, and also heavily by the commodity markets, particularly agriculture and energy.