EUR/NZD: what to know
The EUR/NZD rate shows how much NZD you get for 1 EUR. Right now, 1 EUR buys 1.9946 NZD at the mid-market rate. In the other direction, 1 NZD is worth 0.5013 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while NZD responds to soft-commodity prices and risk appetite.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the EUR/NZD rate has ranged between 1.9491 and 2.0603 — a change of +1.40% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.