EUR/NZD
EUR/NZD is a currency pair that represents the exchange rate between the Euro (EUR) and the New Zealand Dollar (NZD). It is one of the most popular currency pairs in the world, and is traded by investors and speculators alike. The EUR/NZD rate is determined by the supply and demand of the two currencies, and is affected by a variety of economic and political factors.
History of EUR/NZD
The EUR/NZD currency pair was first introduced in 1999, when the Euro was launched as the official currency of the European Union. Since then, the pair has become one of the most actively traded currency pairs in the world. The EUR/NZD rate is affected by a variety of factors, including economic and political developments in both the Eurozone and New Zealand.
The EUR/NZD rate is also affected by the relative strength of the two currencies. The Euro is the second-most traded currency in the world, and is seen as a safe-haven currency in times of economic uncertainty. The New Zealand Dollar, on the other hand, is a commodity currency, and is heavily influenced by the price of commodities such as oil and gold.
EUR/NZD Table of Comparisons
| Date | EUR/NZD |
|---|---|
| January 1, 2020 | 1.6388 |
| January 1, 2021 | 1.7239 |
| January 1, 2022 | 1.8010 |
Summary
EUR/NZD is a popular currency pair that represents the exchange rate between the Euro and the New Zealand Dollar. The rate is determined by the supply and demand of the two currencies, and is affected by a variety of economic and political factors. For more information about the EUR/NZD rate, investors can visit websites such as Investing.com and XE.com.
See Also
- EUR/USD
- USD/NZD
- GBP/NZD
- AUD/NZD
- CAD/NZD
- CHF/NZD
- JPY/NZD
- EUR/GBP
- EUR/JPY
- EUR/AUD
