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NZDCAD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.8049$
  • Previous Close
    0.8092$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

NZDCAD.FOREX refers to the New Zealand Dollar (NZD) versus the Canadian Dollar (CAD) currency pair in the foreign exchange (forex) market. It represents the exchange rate between these two currencies, indicating how many Canadian dollars are needed to purchase one New Zealand dollar. The ".FOREX" suffix typically signifies that the data or trading is related to the foreign exchange market. Therefore, when you see NZDCAD.FOREX, it's a symbol representing the exchange rate and trading activity for the NZD/CAD currency pair in the forex market.
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Factors

Interest Rates: Differentials between RBNZ (NZD) and BOC (CAD) influence relative currency strength. Higher NZ interest rates tend to appreciate NZD.

Commodity Prices: New Zealand is a commodity exporter (dairy), Canada is a major oil exporter. Global commodity price changes impact their respective economies and currencies.

Economic Data: GDP, inflation, unemployment figures from both countries affect market sentiment and currency valuations. Stronger data usually supports the currency.

Risk Sentiment: NZD is often seen as a risk-on currency. During periods of global uncertainty or risk aversion, NZD tends to weaken against CAD, a relatively safer haven.

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