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. What is the name of the currency in New Zealand?

    The New Zealand currency is known as the New Zealand dollar. The currency was decimalized in 1967, and divided into 100 parts ... Read Answer >>
  2. How do you make money trading money?

    Trading money, particularly in the forex market, is a speculative risk, as you are betting that the value of a currency will ... Read Answer >>
  3. 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 >>
  4. What are the most common currency pairs traded in the forex market?

    There are many official currencies that are used all over the world, but there only a handful of currencies that are traded ... Read Answer >>
  5. What is foreign exchange?

    Foreign exchange is the conversion of a country's currency into another. In a free economy, a country's currency is valued ... Read Answer >>
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    In a currency pair, the first currency is called the base currency and the second is the quote currency, a longtime convention ... Read Answer >>
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