NZD/USD expresses the value of one New Zealand Dollar in US Dollar. NZD is the base currency and USD is the quote currency.
- Instrument
- NZD/USD · New Zealand Dollar / US Dollar
- Base / quote
- NZD / USD
- Quotation basis
- USD per NZD
- Asset class
- Forex
- Product context
- Currency pair
Reading the quotation
In NZD/USD, the order of the currencies matters. A rising quotation means that one NZD buys more USD; a falling quotation means that it buys less. Reversing the pair changes both the quotation and the direction of movement.
Read NZD/USD as USD per NZD. To express an amount in the quote currency, multiply the base-currency amount by the quotation. Daily percentage change refers to the pair's price, rather than the balance of either currency in your account.
Before trading
For NZD/USD, distinguish the displayed quotation from the order price and the amount being traded. Review the spread, position size and applicable order conditions in the workspace.
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