EUR/NZD

1.67968
0.13%
Daily
  • L. 1.67608
  • H. 1.68396
  • Ch. 0.00225
  • Ch.% 0.13%
Overview
Costs & Margins
  • EUR/NZD is the exchange rate between the euro and the New Zealand dollar, and a minor forex pair. The live EUR/NZD price calculates how many New Zealand dollars (NZD) it takes to buy a single euro (EUR).

    The New Zealand dollar sees the lowest volume of the eight major currencies,* which can mean EUR/NZD has lower liquidity than many other minor pairs. In fact, several ‘exotic’ currencies including the Korean won, Swedish krona and Norwegian krone are traded more than NZD.

    New Zealand is a major exporter to China, so some traders use NZD to get exposure to the Chinese economy.

    * Bank for International Settlements, 2022

  • Margin From
    3.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    0.0
  • Short
    0.0
  • Min Stop Distance
    0.00049 points
  • Spreads
  • Spreads From
    0.00073 Points
  • Margins
  • 0 - 4000 000
    3.0 %
  • 4000 000 - 8100 000
    3.0 %
  • 8100 000 - 16000 000
    5.0 %
  • 16000 000 - 20000 000
    10.0 %
  • 20000 000 +
    30.0 %
  • Dealing
  • Spreads
    0.00073 Points
  • Margins
  • 0 - 4000 000
    3.0 %
  • 4000 000 - 8100 000
    3.0 %
  • 8100 000 - 16000 000
    5.0 %
  • 16000 000 - 20000 000
    10.0 %
  • 20000 000 +
    30.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
1.67550
Bid
1.67462
Offer
1.67582
Distance
0
Last Updated: 1/27/2023 10:00:00 PM

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What is forex?

Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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