The NZDCAD is a quotation that expresses the relationship between the New Zealand dollar and the Canadian dollar. It belongs to commodity quotes as the countries' export volumes impact its rate. When analyzing the pair, consider data on New Zealand's and Canada's trading partners.
The NZDCAD rate depends on GDP, interest rates, inflation, labor market stats, and exports. These are the factors you should pay attention to in the first place.
The NZDCAD is a cross rate because it is converted through the US dollar, and its value is subject to the USD rate.
New Zealand exports agricultural goods, such as wool, leather, meat, and dairy. Most supplies go to China, followed by Australia, the USA, and some European countries.
The NZDCAD rate depends on GDP, interest rates, inflation, labor market stats, and exports. These are the factors you should pay attention to in the first place.
The NZDCAD is a cross rate because it is converted through the US dollar, and its value is subject to the USD rate.
New Zealand exports agricultural goods, such as wool, leather, meat, and dairy. Most supplies go to China, followed by Australia, the USA, and some European countries.