NZD/CAD: what to know
The NZD/CAD rate shows how much CAD you get for 1 NZD. Right now, 1 NZD buys 0.8067 CAD at the mid-market rate. In the other direction, 1 CAD is worth 1.2396 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while CAD responds to oil prices and the US economy.
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 Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the NZD/CAD rate has ranged between 0.7884 and 0.8268 — a change of -2.57% 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.