DEFINITION of 'NZD'

In the currency market, this is the abbreviation for the New Zealand dollar.

BREAKING DOWN 'NZD'

The currency market, also known as the foreign exchange market or forex, is the largest financial market in the world, with a daily average volume of over US$1 trillion.

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RELATED FAQS
  1. How are international exchange rates set?

    Knowing the value of your home currency in relation to different foreign currencies helps investors to analyze investments ... Read Answer >>
  2. Can I trade a currency when its main market is closed?

    In the forex market, currencies from all over the world can be traded at all times of the day. The forex market is very liquid, ... Read Answer >>
  3. How is spread calculated when trading in the forex market?

    First, remember that in the forex markets investors trade one currency for another. Therefore, currencies are quoted in terms ... Read Answer >>
  4. In the forex market, how is the closing price of a currency pair determined?

    The foreign exchange market, or forex, is the market in which the currencies of the world are traded by governments, banks, ... Read Answer >>
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    Take a brief look at the relationship between a nation's balance of payments and the exchange rate value of its currency ... Read Answer >>
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