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NZDPHP

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

Analysis and statistics

  • Open
    33.4305$
  • Previous Close
    32.91$
  • 52 Week Change
    --
  • Day Range
    0.52$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

NZDPHP.FOREX represents the exchange rate between the New Zealand Dollar (NZD) and the Philippine Peso (PHP) in the foreign exchange market. This financial product reflects the relative value of the two currencies, indicating how many Philippine Pesos are needed to purchase one New Zealand Dollar. Fluctuations in this exchange rate are influenced by various economic factors in both New Zealand and the Philippines, including interest rates, inflation, trade balances, and political stability. Traders and investors utilize this currency pair to speculate on the future direction of the exchange rate or to hedge against currency risk when conducting business between the two countries.

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Factors

New Zealand Interest Rates: Higher interest rates in New Zealand attract foreign investment, increasing demand for the NZD.

Philippine Interest Rates: Higher interest rates in the Philippines attract foreign investment, increasing demand for PHP, potentially weakening the NZDPHP pair.

Global Risk Sentiment: Risk-on sentiment favors higher-yielding currencies like NZD, while risk-off favors safer currencies, potentially affecting PHP.

Commodity Prices: New Zealand is a commodity exporter, so global commodity prices impact the NZD's strength.

Economic Data Releases: Economic data from both countries, such as GDP growth, inflation, and employment figures, can influence currency values.

Political Stability: Political events in both New Zealand and the Philippines can cause currency volatility.

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