NZD/USD
NZD/USD is a currency pair that represents the exchange rate between the New Zealand Dollar (NZD) and the United States Dollar (USD). It is one of the most actively traded currency pairs in the world, and is often used as a benchmark for other currency pairs. The NZD/USD pair is also known as the “Kiwi”, due to the fact that the New Zealand Dollar is often referred to as the “Kiwi”.
History of NZD/USD
The NZD/USD pair was first introduced in the early 1980s, when the New Zealand Dollar was floated on the foreign exchange market. Since then, the pair has been highly volatile, with the exchange rate fluctuating significantly over the years. The pair has been particularly volatile since the global financial crisis of 2008, when the New Zealand Dollar was significantly weakened against the US Dollar.
The NZD/USD pair is often used as a benchmark for other currency pairs, as it is one of the most actively traded currency pairs in the world. It is also used as a proxy for the overall performance of the New Zealand economy, as the exchange rate between the two currencies is often seen as a reflection of the relative strength of the two economies.
Comparison Table
| Date | NZD/USD |
|---|---|
| January 1, 2020 | 0.64 |
| January 1, 2021 | 0.71 |
| January 1, 2022 | 0.77 |
Summary
NZD/USD is a currency pair that represents the exchange rate between the New Zealand Dollar (NZD) and the United States Dollar (USD). It is one of the most actively traded currency pairs in the world, and is often used as a benchmark for other currency pairs. The NZD/USD pair has been highly volatile since the global financial crisis of 2008, and is often seen as a reflection of the relative strength of the two economies. For more information about the NZD/USD pair, you can visit websites such as Investopedia, Bloomberg, and the Reserve Bank of New Zealand.
See Also
- EUR/USD
- GBP/USD
- AUD/USD
- USD/CAD
- USD/JPY
- USD/CHF
- USD/MXN
- USD/INR
- USD/HKD
- USD/SGD
