THE NZD/USD rate is composed of the New Zealand Dollar "base currency" and the US Dollar "quote currency".
The New Zealand Dollar/US Dollar (NZD/USD) rate reflects the relation of the New Zealand Dollar trading against the US Dollar (1 NZD per x USD). For instance, If the NZD/USD quotes at 1.1000, then 10,000 New Zealand Dollars would equal 11,000 US Dollars (because 10,000 x 1.1 = 11,000). This simply means that 1 New Zealand Dollar buys you 1.1 US dollars.
Trading Characteristics Of The NZD/USD
One of the major currency pairs on the forex market.
Typical forex broker spread: 3-4 pips
Most active trading sessions: London and New York
5 Year Average Daily Range: 107 pips
Who trades the New Zealand Dollar vs US Dollar? Central banks, financial institutions, retail traders,...
NZD/USD Forex Trading Tips:
Recommended level of forex experience: Advanced
Best trading sessions for daytraders: London and New York
Worst times to trade: Holidays and before major economic news events
Most common used NZD/USD forex charts: Daily, 4 Hour and 1 Hour