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NZD/USD: New Zealand dollar against the US dollar

A practical guide to NZD/USD: how the price is quoted, when it is most active, what drives it and how to size trades on it.

Last updated: · By Forexuro Desk · Editorial policy

Published · Reviewed by the Forexuro Desk editorial team

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Overview

NZD/USD prices one New Zealand dollar in US dollars. The kiwi is a smaller, commodity linked currency tied to dairy and agricultural exports, and like the Australian dollar it is sensitive to global risk appetite and to China.

How the quote works

A quote of 0.5690 means one New Zealand dollar buys 0.5690 US dollars. One pip is 0.0001, worth 10 dollars on a standard lot. New to quotes? Read how to read a forex quote and the glossary entries for pip and lot.

When it trades

New Zealand data and Reserve Bank of New Zealand decisions arrive very early in the global trading day, often late evening or overnight for European traders. The pair is also active in London and New York.

See the live market sessions clock to check which centres are open in your time zone.

What moves NZD/USD

  • RBNZ policy. The Official Cash Rate and RBNZ guidance are the main domestic driver.
  • New Zealand inflation and jobs. Quarterly CPI and labour market data shape rate expectations.
  • Dairy and commodity prices. Dairy is New Zealand's largest export category.
  • Risk appetite and China. Like the aussie, the kiwi tends to follow global risk mood and Chinese demand.

Key events and central banks

The central banks that matter most for NZD/USD: Reserve Bank of New Zealand, Federal Reserve. Current policy rates, sourced from each bank, are on our central banks page. These scheduled releases often move the market:

See all economic events explained.

Volatility explained

NZD/USD is less liquid than the big majors, so spreads can be wider, particularly in thin hours, and moves around RBNZ decisions can be abrupt. Measure volatility with ATR and allow for wider costs.

Forexuro does not publish a fixed "average daily range" for NZD/USD here, because any such number goes out of date quickly and depends on the period chosen. Measure it on your own platform over the window you trade.

Pip value and position size

Use the NZD/USD pip value calculator to see what one pip is worth in your account currency, then the position size calculator to turn your risk and stop into lots. Keeping risk per trade small, often 1% or less, is the main protection against a run of losses; see risk management for traders.

Forexuro NZD/USD signals

Forexuro publishes forex signals with an entry, stop loss and take profit levels. See the forex signals page for how they work on this market. Every closed Forexuro trade is published on the trade history page. Daily market notes, including NZD/USD when it is in focus, go out free on the Forexuro Telegram channel.

NZD/USD in the Forexuro record

In the current results window (August 2026 to 23 October 2026) 43 NZD/USD signals closed: 30 reached a take profit (TP3 on 23 of them), 7 hit the stop and 6 closed at breakeven. That is a success rate of 81.1% and +1,020 pips. Across all markets in the same window the success rate is 87.7% from 240 closed signals, the figure on the results board.

Success rate is take profit closes divided by take profit plus stop loss closes, for signals closed from August 2026 to 23 October 2026, the same rolling window and method as the results board. Breakeven exits are not counted as losses and are listed separately. Pips are measured to the highest target reached and exclude spread, swap and slippage. Every signal since November 2023 is in the trade history and the CSV record; see how results are scored. Past results do not guarantee future results.

This week's outlook

Read the NZD/USD weekly outlook for the week of 26 October 2026, a sourced analysis of the events and levels in focus, or browse all weekly forecasts.

Practical tips

  • Check RBNZ dates; decisions are at 2pm New Zealand time, overnight for the UK.
  • Treat NZD/USD and AUD/USD trades as related exposure.
  • Expect wider spreads than EUR/USD and include them in your stop.

Other markets: EUR/USD · GBP/USD · USD/JPY · USD/CHF · AUD/USD · USD/CAD · EUR/GBP · XAU/USD

Frequently asked questions

Why is NZD/USD called the kiwi?

After New Zealand's national bird, shown on the one dollar coin.

When does the RBNZ announce rates?

At 2pm New Zealand time on decision days.

Does NZD/USD follow AUD/USD?

Often, because both are commodity and risk linked, but the relationship varies.

What is a pip on NZD/USD?

0.0001, worth 10 dollars on a standard lot.

Education only, not financial advice. Trading forex, gold and CFDs carries a high risk of losing money, and leverage magnifies both gains and losses. Past performance is not a reliable guide to future results. Read our risk disclosure.