Euro / New Zealand Dollar (EUR/NZD)
Charts by TradingView
Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.
Start Trading Euro / New Zealand Dollar (EUR/NZD) with a Market Leader Today
Euro / New Zealand Dollar (EUR/NZD) Trading FAQ
This is the best time of day to trade the EUR/NZD currency pair during the Asian trading session. Around 6 a.m. GMT, traders who are interested in making trades based on Eurozone economic data should do so.
The best time to purchase New Zealand Dollars in pound sterling is when the exchange rate is high. New Zealand Dollars are worth more per Pound when the exchange rate is higher. To put it simply, the GBP to NZD rate stayed in the same range for the past three years.
Growth in expectations that the Federal Reserve's policy tightening will outpace New Zealand's central bank rate increases this year pushed the New Zealand currency to its worst level in 14 months. The Reserve Bank of New Zealand (RBNZ) forecasts the official cash rate to rise to 2.5 percent by the second half of 2023 from the current 2.2 percent.its current level of 0.75%.
Trading with CFDs (contracts for difference) is one of the most popular ways to deal with currencies like the EURNZD, as you may already know. While there are a plethora of Forex brokers available. Attempt to locate one that meets your requirements. FP Markets, for example, is a fully licensed broker that offers a wide range of platforms and accounts to fit any demand.
Start Trading
in minutes
