USD/NZD: what to know
The USD/NZD rate shows how much NZD you get for 1 USD. Right now, 1 USD buys 1.7198 NZD at the mid-market rate. In the other direction, 1 NZD is worth 0.5815 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while NZD responds to soft-commodity prices and risk appetite.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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 USD/NZD rate has ranged between 1.6451 and 1.7847 — a change of +2.75% 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.