NZD/USD

NZDUSD is a currency pair that represents the value of the New Zealand dollar against the US dollar.

New Zealand, located in Oceania like Australia, is percieved to exhibiting similar price movements to the Australian dollar. As a result, the AUDNZD pair is often characterized by range-bound trading. According to the 2022 BIS Triennial Central Bank Survey, the NZD ranks outside the top ten in global trading volumes, with a relatively low market share.

The US dollar, issued by the United States, is circulated worldwide and holds the largest share in global foreign exchange. The 2022 BIS Triennial Central Bank Survey states that currency pairs involving the US dollar account for 88.4% of all currency trading. Additionally, many countries adopt the dollar-peg system, meaning their currencies are tied to the value of the US dollar. According to the 2022 IMF report, 37 countries and regions use the dollar-peg system, accounting for approximately 20% of IMF member states.