Our best spreads and conditions
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The interest rate of the NZD is set by the Reserve Bank of New Zealand—now at 2%. The interest rate of the USD is set by the Federal Reserve System—at 0.5%. Therefore this pair is considered comfortable for carry trading. Remember that NZDUSD is a commodity pair sensitive to interest rates. Historically the NZD shows a positive correlation with AUDUSD.
Spreads and conditions
- Minimum spread
- 0.6
- Average spread
- 1.4
- Swap short (pips)
- -0.92
- Swap long (pips)
- 0.19
- Contract size
- 100 000 NZD
- Pip price (USD/LOT)
- 10.00
- Islamic acc fee (short)
- -0.92
- Islamic acc fee (long)
- 0.19
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Related news
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5 hours agoNew Zealand’s GDP growth seen slowing in Q2 2019 – Reuters poll
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20 hours agoNZD/USD turns lower, slides to over 1-week lows around 0.6365 region