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FALLS UNDER
FOREX
MARKET OPEN AS OF Apr 25, 09:36 UTC
FALLS UNDER
FOREX
AUD/NZD
1.09988000
AUD/NZD
?The Australian dollar, abbreviated A$ or AU$ to distinguish it from the US dollar, is the legal currency of Australia and its territories, which include Norfolk Island, the Cocos or Keeling Islands, and Christmas Island. Tuvalu, Nauru, and Kiribati, three Pacific autonomous entities, also use it as their currency. It was also legal tender in Papua New Guinea and the Solomon Islands until the mid-'
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Learn about forex
Forex trading, also known as foreign exchange or FX trading, involves purchasing one currency and selling another at the same time to speculate on the movement of exchange rates. It is one of the most actively traded markets in the world.
FOREX
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The AUD is stronger than its close ally, the NZD, which causes the Australian currency to move faster. When the AUD rises, the NZD falls.
Economic factors like growth rate, employment rate, GDP, and inflation make NZD stronger.
The Australian dollar has a variable exchange rate, which means its value is extremely dependent on supply and demand.
The ideal exchange rate from AUD to NZD can vary but now, it is around 1 AUD to 1.05 to 1.10 NZD.
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