NZD
CHF
What NZDCHF is
NZD/CHF is the New Zealand dollar priced in Swiss francs. Traders call it the "kiwi franc." The New Zealand dollar (NZD) is the base currency. The Swiss franc (CHF) is the quote currency.
The quote tells you how many Swiss francs buy a single New Zealand dollar. When the price rises, the New Zealand dollar is strengthening against the franc. When it falls, the franc is strengthening against the New Zealand dollar.
NZDCHF is a cross pair, which means a pair without the US dollar. It usually trades with less volume than majors such as EUR/USD or USD/CHF. For how pairs are grouped, see Majors, minors, exotics.
How to read the quote
A platform shows two prices:
- Bid: the price at which you can sell NZD and receive CHF.
- Ask: the price at which you can buy NZD and pay CHF.
The gap between them is the spread, a cost you pay when you open a trade. On MetaTrader the price usually has an extra digit after the pip. That digit is a pipette, a tenth of a pip.
Pip size and pip value
A pip is the standard unit of price movement in a forex pair. For NZDCHF it is the same pip size used for most non-yen pairs. Check the digits shown in the platform's symbol specification.
Pip value is calculated like this:
- Pip value in CHF = pip size × contract size × number of lots.
- Pip value in your account currency = the CHF pip value converted at the current rate between CHF and your account currency.
Because the pip value is in francs, it changes in USD or PKR terms whenever the exchange rate of the franc changes. Use the calculator below for your lot size and account currency.
Fill in the empty fields to see the result.
At Exness, the minimum position size is 0.01 lot. On a Standard Cent account, 1 cent lot = 1,000 USD = 0.01 standard lot. This makes the pip value much smaller in money terms. Cent balances are shown in cents: a 5 USD deposit gives a balance of 500 USC.
What tends to move NZD/CHF
The pair links a commodity-linked, risk-sensitive currency with a currency that traders often treat as a safe haven. Price often reacts to changes in market mood.
New Zealand dollar factors
- RBNZ policy. Interest rate decisions and guidance from the Reserve Bank of New Zealand change the yield on NZD assets.
- Dairy prices. Dairy is a large New Zealand export, so global dairy auction results can affect the currency.
- China demand. China is a major buyer of New Zealand goods. Chinese growth data and trade news can move the NZD.
- Risk appetite. When investors are willing to take risk, the NZD often strengthens. When they avoid risk, it often weakens.
Swiss franc factors
- SNB policy. Rate decisions by the Swiss National Bank affect the franc.
- FX interventions. The SNB has a history of buying or selling currency to influence the franc. Statements about intervention can cause sharp moves.
- Safe-haven flows. During market stress, money often moves into the franc, which pushes NZDCHF lower.
- Euro-area spillovers. Switzerland trades heavily with the euro area. Euro-area data and ECB decisions can move the franc. Compare EUR/CHF.
Because the pair often reacts to the same drivers as NZD/USD, AUD/CHF and USD/CHF, see Pair correlations. For how to study these drivers, see Fundamental analysis. For chart-based nzdchf analysis, see Technical analysis.
Liquidity by session and spread behaviour
- Asian and Wellington hours. New Zealand and Australian traders are active, and NZD news is released. Liquidity in the franc side is thinner.
- European session. Swiss and European banks are active. Liquidity in the pair is usually at its highest, and Swiss and euro-area data are released.
- US session. Activity continues, and US data can move both currencies through risk mood.
- Rollover and late US hours. Liquidity is thin, and spreads often widen.
As a cross pair, NZDCHF usually has wider spreads than the majors. Spreads also tend to widen around central bank decisions, intervention headlines and high-impact data. Times on Exness servers follow UTC+0. Check the trading hours in the platform.
NZDCHF at Exness: what to check
The Exness sources we use do not publish a separate NZDCHF specification. Before trading, check the contract size, digits, spread, swap and trading hours in the platform's symbol specification.
Account-level conditions listed by Exness:
| 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% |
The spread figures are the lowest advertised levels, not what you will always see on NZDCHF. Exness also notes that 0% stop out not supported in some countries; may vary.
The maximum position size is 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0). Exness lists unlimited leverage for Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. Whether NZDCHF counts as one of those minors is not stated in our sources, so check the leverage shown for the symbol in the platform. Orders opened from 15 minutes before to 90 seconds after high-impact news are subject to higher margin requirements. For forex, the leverage during that window is 1:200 (0.5%).
Use the margin calculator below to see the margin needed for a position size at a given leverage.
Fill in the empty fields to see the result.
Exness lists Pakistan among the countries where clients get swap-free status automatically. Check the swap status of your account in the Personal Area. See Swap fees and Islamic finance.
Ready to try it on a real or demo account?
Partner link · trading carries a high risk of loss
Risk and legal context in Pakistan
Leveraged CFD and forex trading can lose money fast. Sudden franc moves on SNB news can cause losses larger than you planned. Read Risk management before trading.
On payments, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. See Law and regulators and Regulation and Safety.
Frequent questions
Why is NZD/CHF called the kiwi franc?
"Kiwi" is the market nickname for the New Zealand dollar. "Franc" refers to the Swiss franc.
In which currency is the NZDCHF pip value calculated?
In Swiss francs, the quote currency. The platform converts it to your account currency at the current rate.
Why does NZDCHF often fall when markets are nervous?
Traders tend to sell risk-sensitive currencies such as the NZD and buy safe havens such as the CHF.
Is there a demo for practising NZDCHF?
Exness creates a real Standard MT5 account and a demo Standard MT5 account after registration. Note that for Standard Cent, demo not available. See Demo account.
Where do I find the exact NZDCHF specification?
Open the symbol specification in MetaTrader or the Exness terminal, or check the official Exness site.
