What Is AUD NZD

What Is AUD NZD

WHAT IS AUD?

  AUD is the currency abbreviation of australian dollar. It is made up of 100 cent and is often  present with symbol $,A$ or AU$.

It is replacing the Australian pound, which was a holdover from its days as a british colony,in 1966.AUD is the official currency of australia. It is a popular currency in forex trading pairs,and also the 5 most traded currencies.

WHAT IS NZD?

NZD is the official currency of new zealand. Full form of NZD is new zealand dollar. Where, NZ stands for new zealand and D stands for dollar.NZD is made up of 100 cents and represents in symbol by $ or NZ$ to set it apart from other currencies based on dollars.

WHAT IS AUD NZD?

AUDNZD is the abbreviation for the Australian dollar and new zealand dollar. The AUD NZD pair shows how much australian dollar (base currency) is required to purchase new zealand dollar.

For example: If AUD NZD =1.0854. It means one australian dollar is required to purchase 1.0854 new zealand dollar.OR In other words with the help of 1 australian dollar we can buy 1.0854 new zealand dollar.

Watch : AUD NZD Live Chart

What Is AUD NZD
What Is AUD NZD

 

WHAT FACTOR AFFECT THE NZD EXCHANGE RATE?

There are many factors which influence the NZD exchange rate like economic policy,

politics,and other currency. Due to coronavirus New Zealand economy is under pressure therefore NZD going weaker.

Political scene of New Zealand has generated uncertainty. This leads to the result that investors sell the NZD.

NZD is also affected by other currencies like when the USD gets stronger, the NZD is relatively weaker and vice versa. it is more clear AUD to NZD chart.

Watch : AUD/NZD Live Chart

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