The currency pair is the euro - the New Zealand dollar (EUR / NZD).
The European economy is steadily growing, which is reflected in the euro exchange rate. By 2018, unemployment rates in a number of countries are at a minimum level.
The basis of New Zealand's economy is a highly efficient agriculture, primarily the production and processing of dairy products, which is exported all over the world. The country aspires to receive electricity from renewable sources, and in 2018 completely closes coal generation. In New Zealand, the tourism business is actively developing, which received a new impetus after the filming of the movie trilogy "The Lord of the Rings" in this country. The bulk of tourists come from Australia and China. Since 1999, New Zealand dollars have been printed on plastic.
The European Union is not a significant trading partner of New Zealand, which exports livestock products and timber mainly to China, Australia, the United States, Japan and South Korea. Also, Europe is not among the main importers.
When trading forex currency pair EUR/NZD is necessary to take into account the factors that affect the NZD. First of all, these are the indicators of the trade balance of New Zealand, which is negative and the economic situation of the main trading partners.
The EUR / NZD currency pair is built on the principle of direct quotation. The base currency is EUR, euro, and quoted - NZD, New Zealand dollar. The growth of the currency pair means the strengthening of the euro against the New Zealand dollar, that is, the purchase of one EUR requires more NZD. A decrease in the rate indicates the strengthening of NZD. Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
New Zealand Dollar - (bank code: NZD) - often referred to as "kiwi" - the official currency of New Zealand, also on the islands: Niue, Cook Islands, Tokelau and Pitcairn. The central bank of the country that also issues currency is the Reserve Bank of New Zealand (RBNZ)
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