NZD/USD pip value calculator
What one pip on NZD/USD is worth for your lot size, in USD, GBP or EUR, with the pair's pip size, contract specification and what moves it.
NZD/USD pip size and contract specification
NZD/USD is the price of one New Zealand dollar in US dollars. The pair is often nicknamed "kiwi". It often moves in the same direction as AUD/USD, so holding both doubles similar exposure.
| Specification | NZD/USD |
|---|---|
| Base currency | NZD (New Zealand dollar) |
| Quote currency | USD (US dollar) |
| Pip size | 0.0001 (fourth decimal place) |
| Pipette (fractional pip) | 0.00001 |
| Standard lot | 100,000 NZD |
| Mini lot | 10,000 NZD |
| Micro lot | 1,000 NZD |
| Pip value per standard lot | 10 USD |
Brokers set their own contract terms, so confirm the lot size and quote precision in your platform's symbol specification.
NZD/USD pip value by lot size
The pip value in the quote currency is fixed: pip size × units traded. One standard lot of 100,000 NZD × 0.0001 = 10 USD per pip. Because the quote currency is the dollar, the pip value for a USD account is fixed at $10 per standard lot whatever the price.
| Lot size | In USD | USD | GBP | EUR |
|---|---|---|---|---|
| Micro (0.01) | 0.10 USD | $0.10 | £0.07 | €0.09 |
| Mini (0.10) | 1.00 USD | $1.00 | £0.75 | €0.89 |
| Standard (1.00) | 10.00 USD | $10.00 | £7.47 | €8.92 |
Converted with this site's reference rates dated 22 October 2026. The calculator above uses the current rates when you open it.
Worked example
A buy on NZD/USD at 0.5680 that closes at 0.5730 has moved 50 pips. On 0.10 lots that is 50 × 1.00 USD = 50.00 USD, or about $50.00 for a USD account at the reference rate.
What moves NZD/USD
The pair reflects policy at the Reserve Bank of New Zealand and the US Federal Reserve. Drivers that often move it include New Zealand data, dairy prices and Chinese demand. Activity is usually highest during the Sydney and Tokyo sessions, when New Zealand data is released; see the market hours clock for the times in your zone.
NZD/USD pip value in pounds
NZD/USD is quoted in dollars, so a pip is $10 per standard lot whatever the kiwi's price. On a sterling account that is converted at GBP/USD: $10 ÷ 1.3394, about £7.47 per standard lot at the reference rate. A move in NZD/USD itself does not change the pip value, but a move in GBP/USD does.
Margin on NZD/USD for UK retail clients
The New Zealand dollar is not one of the six currencies in the FCA's definition of a major pair, so retail leverage on NZD/USD is capped at 20:1, a margin of 5%. One standard lot of 100,000 NZD is about $56,800 at the reference price of 0.5680, or about £42,407, which needs roughly £2,120 of margin. A lower price means a smaller position value, so the margin per lot is lower than on AUD/USD even though the pip value is the same. The margin calculator uses current rates.
Adding up AUD/USD and NZD/USD risk
Example only. The figures below are illustrative, use the reference rates dated 22 October 2026 and are not a trade or a result.
Say you hold 0.30 lots of NZD/USD and 0.30 lots of AUD/USD, both bought, each with a 30 pip stop. Each trade risks 0.30 × 30 × £7.47 = £67.23. Because the two pairs often move in the same direction, it is safer to plan for both stops being hit together: a combined risk of about £134.46. If your limit is £100 a trade, you would cut both positions so the total stays near that figure. The correlation tool shows how closely the pairs have moved together and the position size calculator works out the lots.
RBNZ rate decisions are announced at 2:00 pm New Zealand time, which is between about 01:00 and 03:00 UK time depending on daylight saving in both countries, so the move often happens while UK traders are asleep. Spreads on NZD/USD are often wider than on EUR/USD, so include the spread when you set your stop. The NZD/USD guide and the NZD/USD weekly forecast cover the pair, and the trade history and verify page show every closed Forexuro trade.
NZD/USD on Forexuro's results record
See every closed NZD/USD signal in the trade history.
See live ideas and the closed record on the forex signals page. Results are scored with the rules on the methodology page. Past results do not guarantee future results.
Related tools
Frequently asked questions
What is the pip value of NZD/USD?
One pip on NZD/USD is 0.0001, worth 10 USD per standard lot, 1 USD per mini lot and 0.10 USD per micro lot. For a USD account that is $10, $1 and $0.10.
How many pips is a 1 cent move in NZD/USD?
100 pips. A pip is 0.0001, so a move of 0.0100 is 100 pips.
What is a pipette on NZD/USD?
A pipette is a tenth of a pip, 0.00001 on NZD/USD. Most platforms show it as the fifth decimal place.
When is NZD/USD most active?
Usually during the Sydney and Tokyo sessions, when New Zealand data is released. Movement also tends to pick up around news on New Zealand data, dairy prices and Chinese demand.
Should I add AUD/USD and NZD/USD risk together?
It is safer to. The two pairs often move in the same direction, so if you hold both the same way the stops can be hit together. For example, two positions that each risk £67.23 should be treated as about £134.46 of combined risk.
When does the RBNZ announce its rate decision in UK time?
The Reserve Bank of New Zealand announces at 2:00 pm New Zealand time. That is between about 01:00 and 03:00 UK time, depending on daylight saving in both countries, so the move usually happens overnight for UK traders.
Calculators are for education and planning. They do not account for your broker's spread, commission, swap or contract terms. Trading forex and CFDs carries a high risk of losing money. Read our risk disclosure.