Australian Dollar - New Zealand Dollar (AUD/NZD)
AUD(Australian dollar) )
Currency unit of the Commonwealth of Australia including Christmas Island, the Cocos Islands and Norfolk Island as well as independent Pacific countries such as Karibati, Nauru and Tuvalu. It belongs to a group of commodity currencies.
Issued by: Reserve Bank of Australia
Price dynamics mainly depends on the oil prices, interest rates of Reserve Bank of Australia, inflation and growth rates of Australian economy.
NZD (New Zealand dollar)
Currency unit of New Zealand, Niue, Cook Islands, Tokelau Islands and Pitcairn Island.
Issued by: Reserve Bank of New Zealand
Price dynamics mainly depends on the interest rates of Reserve Bank of New Zealand, inflation and growth rates of the country. The currency has a strong correlation with a currency that is geographically adjacent to Australia.