NZD
CAD
What NZD/CAD is
NZD/CAD shows the price of the New Zealand dollar (NZD, called the "kiwi") in Canadian dollars (CAD, called the "loonie"). NZD is the base currency and CAD is the quote currency. The quote tells you how many Canadian dollars one New Zealand dollar buys.
- If the quote rises, the kiwi is getting stronger against CAD.
- If the quote falls, CAD is getting stronger against the kiwi.
Neither currency is the US dollar, so NZD/CAD is a cross pair, often grouped with the minors. See Majors, minors, exotics for how pairs are classified. The pair is closely linked to NZD/USD and USD/CAD, because many brokers price it from those two pairs.
Reading the quote, pip size and pip value
A quote has two prices:
- Bid is the price you can sell at.
- Ask is the price you can buy at.
The gap between them is the spread. It is the first cost of every trade.
A pip is the standard unit for price moves. For NZD/CAD it works the same way as on most pairs that do not include the yen. MetaTrader also shows an extra digit after the pip, called a fractional pip or "point".
Pip value is how much money a one-pip move is worth for a given volume. For NZD/CAD it is calculated in CAD, because CAD is the quote currency. If your account is in USD or PKR, that CAD amount is then converted into your account currency at the current rate. This means the pip value in your account currency changes when the CAD exchange rate changes, even when your position size stays the same.
Use the calculator below to get the pip value for your lot size in both CAD and your account currency:
Fill in the empty fields to see the result.
At Exness the minimum volume on standard account types is 0.01 lot. On a Standard Cent account, 1 cent lot = 1,000 USD = 0.01 standard lot. That account shows balances in cents, so a 5 USD deposit gives a balance of 500 USC.
What tends to move NZD/CAD
The pair reflects two commodity-linked economies, so it often reacts to different drivers on each side.
New Zealand dollar
- RBNZ policy. Interest rate decisions and guidance from the Reserve Bank of New Zealand.
- Dairy prices. Dairy is a major New Zealand export, so dairy auction results can affect the kiwi.
- China demand. China is a key buyer of New Zealand goods, so Chinese economic data matters.
- Risk appetite. The kiwi tends to weaken when markets turn cautious and to firm when investors take on more risk.
Canadian dollar
- BoC policy. Rate decisions and statements from the Bank of Canada.
- Crude oil prices. Oil is a major Canadian export, and CAD often moves with crude.
- US–Canada trade. Tariffs, trade talks and US demand affect the Canadian economy.
- Canadian jobs data. The monthly employment report can cause sharp short-term moves.
Because both currencies respond to commodities and global risk mood, part of their moves can cancel out. Some of the time the pair moves less than NZD/USD or USD/CAD. It can still move quickly when a central bank surprises the market or oil and dairy diverge. Pair correlations explains how this pair relates to AUD/CAD and AUD/NZD. For reading economic releases, see Fundamental analysis.
Sessions, liquidity and spreads
- Asia-Pacific session. New Zealand and Australian markets open first. NZD news comes out here, but CAD liquidity is thin.
- European session. Activity rises, but neither currency is local to Europe.
- North American session. CAD liquidity is deepest, and Canadian data and BoC decisions are released here. The overlap with the late Asia-Pacific open is usually quiet.
Cross pairs usually have wider spreads than majors. Spreads tend to widen further:
- around the daily rollover,
- in thin hours,
- at the weekly open,
- around high-impact news.
Exness applies higher margin requirements (HMR) to orders opened from 15 minutes before to 90 seconds after high-impact news. For forex, leverage during HMR is 1:200 (0.5%).
Exness specification for NZD/CAD
Our source facts do not include a separate NZD/CAD contract specification. Check the contract size, digits, swap and trading hours in the platform: in MetaTrader, right-click the symbol and open its specification. See MetaTrader 5 for details.
The account-level conditions below come from Exness's account pages. They are minimums across instruments, not NZD/CAD figures.
| Account | Spread | Commission | Margin call / stop out |
|---|---|---|---|
| Standard | From 0.2 pips | No commission | 60% / 0% |
| Standard Cent | From 0.3 pips | No commission | 60% / 0% |
| Pro | From 0.1 pips | No commission | 30% / 0% |
| Raw Spread | From 0 pips | Up to 3.50 USD each side per lot | 30% / 0% |
| Zero | From 0 pips | From 0.05 USD each side per lot | 30% / 0% |
On leverage, Exness lists these instruments as eligible for unlimited leverage: Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. Eligibility also depends on account conditions: on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Whether NZD/CAD counts as a minor for this rule is something to confirm in the platform or your Personal Area.
On swaps, clients registered from Islamic countries, including Pakistan, are assigned swap-free status automatically according to Exness. Check your own account's status; see Swap fees.
To see how much margin a position needs at your leverage, use:
Fill in the empty fields to see the result.
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Partner link · trading carries a high risk of loss
Risk and legal context in Pakistan
Leveraged forex and CFD trading can lose money fast, including your whole deposit. Higher leverage makes losses arrive faster, not just gains. Read Risk management before trading.
Also, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). See Law and regulators before you decide anything.
Frequent questions
What does "kiwi cad" mean?
It is trader slang for NZD/CAD. "Kiwi" is the nickname for the New Zealand dollar.
Is NZD/CAD a major pair?
No. It does not include the US dollar, so it is a cross pair, usually grouped with the minors.
How do I calculate pip value on NZD/CAD?
Pip value is calculated in CAD and then converted into your account currency. The pip calculator on this page does both steps.
Where can I find NZDCAD analysis on this site?
We explain the drivers and the mechanics of the pair, not trade ideas. Start with Fundamental analysis and Technical analysis.
Where is the exact Exness spec for NZD/CAD?
In the platform's symbol specification or in your Exness Personal Area. Conditions can change, so check them before trading.
