AUDNZD exchange rate

AUD/NZD

1.21559 NZD

+0 (+0.32%)

1MN

AUDNZD Key Statistics

Open price

1.21135

High today

1.21618

Low today

1.20931

52 Week high

1.2284

52 Week low

1.07645

Trading hours

-12:00

-11:00

-10:00

-09:00

-08:00

-07:00

-06:00

-05:00

-04:00

-03:00

-02:00

-01:00

UTC 00:00

+01:00

+02:00

+03:00

+03:30

+04:00

+04:30

+05:00

+05:30

+05:45

+06:00

+07:00

+08:00

+09:00

+09:30

+10:00

+11:00

+12:00

+12:45

+13:00

+14:00

UTC 00:00

Symbol trading specification

Trade AUD/NZD

About AUDNZD

AUDNZD, or Aussie/Kiwi, is a trading instrument involving two risk-on currencies – the Australian dollar (AUD) and the New Zealand dollar (NZD). It corresponds to how many New Zealand dollars are needed to purchase the Australian dollar.

What is AUDNZD?

The AUDNZD currency pair involves currencies of nearby countries, i.e., Australia and New Zealand, and it shows how many NZDs investors must have to buy one AUD. These countries are closely located, so their currency pairs trade similarly against other currencies. However, in comparison to each other, several factors affect their exchange rate. One of the most significant factors is the fluctuations in the export commodities of both nations. As a commodity-based economy, Australia ships energy products and metal, and New Zealand exports milk, meat, and wool. Any increase or decrease in exports also causes the exchange rate to fluctuate. Investors eager to find out how to trade AUDNZD must consider these factors.

How does AUDNZD work?

The AUDNZD is traded on the SimpleFX platform. Here, the investors use a carry trade strategy, which involves borrowing funds in a low-yielding currency and investing them in a higher-yielding currency. This results in the two currencies' loss or profit from the interest rate differentials. Investors can also use other strategies such as technical analysis, fundamental analysis, news trading, and scalping. That's several ways for them to find out how to invest in AUDNZD.

AUDNZD price history

Before investing in any currency, going through its pricing history is crucial as it helps in understanding the volatility of the currency. That's why here's the AUDNZD price history for the past years:

2018

On 1st January 2018, the AUDNZD exchange rate was 1.1001 NZD; on 31st December 2018, the value was 1.0472 NZD. The average exchange rate was 1.08 NZD, with the best and the worst value of 1.115 NZD and 1.0454 NZD, respectively.

2019

The year started with an exchange rate of 1.0492 NZD and ended at 1.0439 NZD. The best and the worst values were 1.0846 NZD and 1.0293 NZD, respectively. Also, the average rate of the year was 1.0553.

2020

The year started with an exchange rate of 1.0419 NZD and ended at 1.0723 NZD. The average exchange rate was 1.0612 NZD, with the best value of 1.1015 NZD and the worst value of 1.0073 NZD.

2021

This year started with an exchange rate of 1.0864 NZD and ended at 1.0623 NZD. The best and the worst exchange rates were 1.0923 NZD and 1.0294 NZD, and the average exchange rate was 1.0621 NZD.

2022

On 1st January 2022, the exchange rate was 1.0617, and at the end of the year, its value was 1.0718 NZD. Whereas the best exchange rate was 1.1459 NZD, the worst value was 1.0497 NZD, and the average value was 1.0936 NZD.

However, the noteworthy point is that the exchange rate value remained above one during these five years, indicating that it's a less volatile currency pair.

Current AUDNZD price

The current AUDNZD price can be checked on the chart above and on the SimpleFX Webtrader platform.

Is AUDNZD a good investment?

AUDNZD provides diversification, opportunities for investors, and less volatility. However, with all the currency pairs, there are some risks too. So, investors eager to learn how to invest in forex must carefully consider the risks, benefits, market analysis, and other factors potentially influencing the AUDNZD exchange rate value before investing in AUDNZD.