NZD/USD: what to know
The NZD/USD rate shows how much USD you get for 1 NZD. Right now, 1 NZD buys 0.5815 USD at the mid-market rate. In the other direction, 1 USD is worth 1.7196 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while USD responds to Fed policy, US growth and global risk appetite.
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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the NZD/USD rate has ranged between 0.5603 and 0.6079 — a change of -2.68% 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.