Chart of price change AUD/NZD

Currency pair AUDNZD is rather a liquid tool because of a close geographical position of Australia and New Zealand and their close trading and economic relations. Forecasting the further movements of the couple it is necessary to consider indicators of the agricultural sector of the New Zealand economy (the country is a world leader on the sheep wool production), and also levels of prices for oil and the metals acting as the main export articles of Australia.

AUDNZD quotes are affected by the indicators of the New Zealand economy, including GDP of the country, an interest rate of the Central Bank, a level of business and balance of export and import. The country is also dependent on economies of her main partners - Australia, the USA, and Asia-Pacific countries.

The industry of Australia is oriented to oil and mining sector and sensitively reacts to the prices of these commodities in the world market. AUDNZD volatility seldom reaches a high point - the geographical and economic proximity of two states setting an identical vector in the direction of both currency movements.

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