78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
0.821 CAD
-0.01 (-0.62%)
1H
4H
1D
1W
1MN

NZDCAD Key Statistics

Open price
0.82656
High today
0.82693
Low today
0.82072
52 Week high
0.86121
52 Week low
0.78284
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
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About NZDCAD

In the NZDCAD pair, NZD is the base currency, and CAD is the quote currency, and it tells about the number of NZDs required to purchase one CAD. Moreover, the pair is quoted with the ask price and bid price. The bid price is the buying price, and the asking price is the pair's selling price.

What is NZDCAD?

The NZDCAD is the exchange rate between New Zealand Dollars (NZDs) and Canadian Dollars (CADs). Both these currencies fall under commodity currencies because Canada exports oil and lumber. Also, its principal trading partner is the United States. Likewise, New Zealand exports meat and dairy products to Australia and China. The NZDCAD is a cross-currency pair actively traded on the forex market. It is highly volatile, and its volatility depends on factors such as export prices, economic data releases, trading partners, and interest rates of both the New Zealand Dollar and Canadian Dollar. Before entering the market, traders can learn how to invest in NZDCAD with a demo account. Therefore, traders must research these factors before investing in the pair.

How does NZDCAD work?

Like all other currency pairs, NZDCAD is traded on the forex market using financial instruments such as futures, contracts for difference (CFDs), and options. First, traders open an account on the SimpleFX platform where the currency pair is available. Then, investors can deposit funds into the account and start trading the pair. Traders buy and sell the pair after speculating on the exchange rate fluctuations. They use different approaches, such as carry trading, scalping, news trading, and fundamental and technical analysis. However, it's worth noting that the currency pair is not a risk-free option. Investors willing to find out how to trade NZDCAD must remember that every investment may result in losses.

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