💱 NZDUSD INFO & STATISTICS

ℹ️ The New Zealand Dollar versus the US Dollar. The NZD traditionally offers high interest rates, attracting carry traders. Despite the small size of New Zealand’s economy, NZDUSD is a fairly liquid Forex pair, accounting for 1.9% of the foreign exchange market volume.

✅ The New Zealand Dollar is the official currency of New Zealand, the Cook Islands, Tokelau, Niue, and the Pitcairn Islands.

✅ New Zealand’s economy relies heavily on exports of commodities like wood, meat, fish, and dairy, making the NZD a commodity currency.

✅ The New Zealand Dollar’s historically high interest rates make it attractive to carry traders.

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💱 EURGBP (€/£) INFO & STATISTICS

ℹ️ EURGBP trades within a range of 0.57 to 0.98 but can experience long periods of upward or downward trends. It represents 2.4% of the foreign exchange market volume.

✅ EURGBP is liquid but not highly volatile and is often considered the unofficial 8th major currency pair.

✅ Historically, EURGBP has a negative correlation with GBPCHF.

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💱 EURCHF (€/₣) INFO & STATISTICS

ℹ️ The European currency (Euro) versus the Swiss Franc – nicknamed ‘Euro-Swissy’. EURCHF is an important exchange rate as it involves two major reserve currencies: the Euro and the Swiss Franc.

✅ Until January 5, 2015, the Swiss Franc was linked to the Euro. In 2011, the Swiss National Bank (SNB) set a minimum exchange rate of CHF 1.20 per EUR.

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