NZD/AUD: what to know
The NZD/AUD rate shows how much AUD you get for 1 NZD. Right now, 1 NZD buys 0.8124 AUD at the mid-market rate. In the other direction, 1 AUD is worth 1.2309 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while AUD responds to commodity prices and Chinese demand.
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. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the NZD/AUD rate has ranged between 0.8092 and 0.8960 — a change of -9.38% 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.