AUD/NZD: the Aussie Kiwi currency pair explained

• AUD
• NZD

What AUD/NZD is

AUD/NZD is a currency pair that shows the price of the Australian dollar (AUD) in New Zealand dollars (NZD). Traders often call it the "aussie kiwi". AUD is the base currency and NZD is the quote currency.

The quote tells you how many New Zealand dollars buy a single Australian dollar. If the price rises, AUD is gaining against NZD. If it falls, NZD is gaining against AUD.

AUD/NZD contains no US dollar, so it is a cross pair. For more on how pairs are grouped, see Majors, minors, exotics and Currency pairs.

Pip size and pip value per lot

A pip is the standard unit used to measure a price change. AUD/NZD is not a yen pair, so it uses the same pip size as pairs like EUR/USD. Most platforms show an extra decimal (a fractional pip, or "pipette"). Confirm the digits in the symbol specification in your platform.

Pip value is how much a single pip move is worth for your position size:

• The pip value is first calculated in NZD, the quote currency: pip size multiplied by contract size multiplied by the number of lots.
• If your account is in USD or another currency, that NZD amount is converted at the current exchange rate. So the pip value in your account currency changes as the NZD rate changes, even when your position size stays the same.

Use the calculator to get the figure for your lot size and account currency:

What tends to move the Australian dollar

• RBA policy. Rate decisions and guidance from the Reserve Bank of Australia change the return on holding AUD.
• China demand. China is a major buyer of Australian exports, so Chinese growth data and policy news often move AUD.
• Iron ore and metals. Iron ore is a key Australian export. Changes in metal prices can affect the Australian trade balance and market view of AUD.
• Global risk appetite. AUD is often treated as a risk-sensitive currency. It tends to react when investors move into or out of riskier assets.

What tends to move the New Zealand dollar

• RBNZ policy. Reserve Bank of New Zealand decisions and statements on rates and inflation.
• Dairy prices. Dairy is a major New Zealand export, so results from global dairy auctions can matter for NZD.
• China demand. China is also a large buyer of New Zealand goods.
• Risk appetite. NZD reacts to global sentiment in a similar way to AUD.

AUDNZD analysis: why this pair behaves differently

The Australian and New Zealand economies share trade links, a region and exposure to China. Many global shocks therefore hit both currencies in the same direction. When that happens, they can partly cancel out inside AUD/NZD.

What usually matters more for this pair is the difference between the economies:

• the gap between RBA and RBNZ rate expectations
• metals prices compared with dairy prices
• local data surprises, such as inflation, jobs or GDP, in one country but not the other

Some traders compare AUD/NZD with AUD/USD and NZD/USD to see which side is driving a move. See Pair correlations for how this works. For methods, see Fundamental analysis and Technical analysis. This page gives no price levels, forecasts or trade ideas.

Liquidity by session and how spreads behave

The spread is the difference between the buy (ask) and sell (bid) price. It is a cost you pay on every trade.

• Asia-Pacific hours (the Sydney, Wellington and Tokyo sessions) are usually the most active for AUD/NZD. Local data and central bank news come out at this time.
• London and New York hours can still bring movement, but this pair is a smaller part of trading in those markets.
• Around the daily rollover, when the trading day ends, liquidity is thin and spreads often widen.
• Around high-impact news from either country, spreads can widen and prices can jump past pending orders.

Trading AUD/NZD at Exness: what the sourced facts cover

The facts below are general account conditions from Exness pages. They are not AUD/NZD-specific figures. For the pair's own contract size, digits, spread, swap and trading hours, check the specification in the platform.

On swaps: Exness states that for clients registered from Islamic countries, a list that includes Pakistan, swap-free status is assigned automatically. Check your account's current status in the Personal Area. See Swap fees and Islamic finance.

Margin is the deposit the broker holds while your position is open. It depends on lot size, contract size, price and leverage. Calculate it before you open a position:

Compare account types in Account types.

Risk and the legal position in Pakistan

Leveraged forex and CFD trading can lose money fast, including the full amount in your account. Small pair ranges do not make losses small, because leverage multiplies them. Read Risk management before trading.

Per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read Law and regulators for the full context.

Frequent questions

What does AUD/NZD mean?

It is the price of the Australian dollar in New Zealand dollars. A rising price means AUD is strengthening against NZD.

Why is it called "aussie kiwi"?

"Aussie" is the market nickname for the Australian dollar and "kiwi" for the New Zealand dollar.

How do I find the pip value for my account?

Use the pip calculator on this page. The pip value is set in NZD and then converted into your account currency.

Is AUD/NZD a major pair?

No. It has no US dollar, so it is a cross pair.

Where do I find the exact Exness specification for AUDNZD?

Open the symbol specification in MetaTrader or the Exness platform, or check the current conditions in the Exness personal area or on the official site.

Does a low spread mean low risk?

No. Spread is only a cost. Risk depends mainly on position size and leverage.