AUD/NZD
AUD/NZD is the abbreviation for the Australian Dollar/New Zealand Dollar currency pair. It is a cross rate of two major currencies, the Australian Dollar and the New Zealand Dollar. The AUD/NZD rate is determined by the relative strength of the two currencies, and is used to measure the relative value of the two currencies against each other. The AUD/NZD rate is also used to determine the exchange rate between the two currencies.
History of AUD/NZD
The AUD/NZD rate has been in existence since the early 1990s, when the Australian Dollar was first introduced. Since then, the AUD/NZD rate has fluctuated significantly, due to the changing economic and political conditions in both countries. The AUD/NZD rate is also affected by the relative strength of the two currencies, as well as the relative strength of the economies of both countries. The AUD/NZD rate is also affected by the relative strength of the currencies of other countries, such as the United States Dollar, the Euro, and the Japanese Yen.
Comparison Table
| Currency | AUD/NZD |
|---|---|
| Australian Dollar | 1.00 |
| New Zealand Dollar | 1.00 |
| US Dollar | 0.77 |
| Euro | 0.67 |
| Japanese Yen | 83.00 |
Summary
The AUD/NZD rate is an important indicator of the relative strength of the two currencies, and is used to measure the relative value of the two currencies against each other. The AUD/NZD rate is also affected by the relative strength of the economies of both countries, as well as the relative strength of the currencies of other countries. For more information about the AUD/NZD rate, you can visit the websites of the Reserve Bank of Australia and the Reserve Bank of New Zealand.
See Also
- AUD/USD
- NZD/USD
- EUR/AUD
- EUR/NZD
- USD/CAD
- USD/JPY
- GBP/AUD
- GBP/NZD
- CAD/JPY
- CHF/JPY
