NZD/HKD

NZD/HKD 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 Hong Kong 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 Hong Kong Dollar, issued in Hong Kong, is pegged to the US Dollar.

This peg means its value is closely tied to the US Dollar, and therefore, it is heavily influenced by US monetary policy and economic conditions. The NZD/HKD currency pair will be influenced by the relative economic performance and monetary policies of New Zealand and the United States, and also heavily by the commodity markets.